It seems as though there is no shortage of potential tenants.. just have to find a few decent ones lol

@Kalen AdamsonNot tax advice as a cpa can respond but typically when you cash in stocks that gain is taxed (if owned for a while at qualified dividend rate).You could take the cash, hold money for taxes and put that money as a contribution to the LLC and then start investing in real estateIf you invest in real estate you may get depreciation etc whixh could be paper loss and potential reduce tax obligation but the entire picture needs to be looked at

Evaluate your budget, savings, and potential financing options.

Utilize Virtual Tours and VideosVirtual tours and videos are powerful tools for showcasing your property to potential buyers.

PS - I know the Detroit market has potential - I sure would like to figure it out.

@Dan Burstain What type of properties would have potential for more cash flows in those areas?

Additionally, I'm based in Michigan, and I would like to know if anyone in the community is familiar with companies or professionals in Michigan who can assist in the process of forming an LLC and managing the legal aspects of transitioning Airbnb properties.Any insights or experiences you can share would be immensely helpful as I navigate this potential transition.

Renovating multi-family/condo-conversion (and potential partnership structures for both)I would be so grateful for some qualified advice and more than happy to pay a consulting fee.

Are you planning on investing heavily in the property to make it nicer and potentially drive up the rents?  

My budget for this year in cash is $100k that can be used towards downpayment, closing costs, fix small things, property management fees, lender fees etc and rest will be looking for conventional financing as of now.New constructions offer better interest rates, minimal maintenance costs for 2-3 years, and potential for self-management due to higher rents.