Originally posted by @Tushar Shah:@Michael HenryHey Michael, I too am planning to venture into Milwaukee.

However, it's essential to thoroughly research and plan your approach to ensure a successful outcome.

Some other factors to consider - How long are you planning to hold this property?

Also, go to the build your team tab to find advisors that can help you with your tax and financial planning.  

Hey Reyna - It sounds like you're planning to occupy a unit in order to qualify for 3% down, correct?

In fact, we have a bulk package plan on all of our homes that allows us to earn a tidy profit simply by providing internet service.

Most guests with ample notice will be somewhat flexible, however you should have a contingency plan in place for when you have a guest that is not. 

We have in effect done a pocket veto as we have not responded, but I plan on responding indicating we need above LTR rates otherwise we can just switch to LTR increasing our revenue due to reduced expenses.  

My lender packaged and sold my mortgage, and when I called the new servicer to inquire about a HELOC/ Home Equity Loan they told me I wasn't eligible because of my short ownership duration.I am planning to pay for most of the improvements with cash I have on hand from my W2 job, but I want to get something set up in case of an emergency repair/ use towards other investment opportunities.

I would make sure you are very clear with your client what the rules are in the areas they are planning on purchasing an STR.