Local laws changing the acceptable use of properties as short-term rentals is an ongoing concern to most investors.  

The last 2 years had been painful - with on going repairs, horrible tenant with late payments and pets that pee'd on the carpet...  

. - Any idea of ongoing annual legal costs for management of the OpCo and PropCo?

Vera,As Mark pointed out and as you're aware, Michigan has some quirky zoning ordinance issues that don't plan on going away anytime soon. 

@Ryan GuffeyGood for you keep on going..

Many on this site will post that they recommend be transparent and disclosing you are the landlord to a tenant.We believe they are mistaken because they've never had an angry tenant bring ther biker gang over to their personal residence to confront the landlord's family (wife & children) about an ongoing eviction.The potential negative consequences of a tenant knowing you are their landlord, so they can find you, are too great in our opinion - and far exceed any potential positives.

Its an ongoing situation so remains to be seen how it all shakes out.

You would be saving time (and time is of course money) but I don't believe the ongoing PM costs are going to pay back those one time setup costs that you would save in time/money.

I was wondering if there are any on-going meet-ups in South Florida, specifically in Miami Dade County and/or Broward County. 

Interest rates are currently fluctuating due to the ongoing pandemic and economic uncertainty, and the rates offered may also depend on different factors such as loan size, and loan term.