The single man property manager is likely short on time.

If you are not happy in your current role and/or company, there is no shame in pivoting your career into something that attracts you and positions you for long term growth.

Any advice on strategy for multifamily properties would be helpful in terms of narrowing them down, and areas in Michigan to look in.

Some are more friendly on terms and have more leeway.

I'd recommend prioritizing Airbnb-friendly municipalities in Florida in case you need to go the short-term route, which tends to give you a higher monthly income.

Here’s a recent real world example. . .This deal was put together by my former student, current friend, and now successful real estate investor.Source: expired listingLocation: investor, Florida; property, IllinoisType: long term lease option via a sandwich leaseTerms between investor and homeowner:a) 48 monthsb) option to purchase price $135Kc) rent, $1200d) cash out of pocket, $0.

I’m in the market for a short term rental near campus.

Strategies like REPS and short term rental loop hole can be complex and expensive to get wrong from a time and money perspective. 

$50k / $1300 = 38 months to pay off your loan ... and you get to keep the asset.So many people are financially short-sighted and want immediate gratification, which is why so many Americans live paycheck-to-paycheck.

We also make sure to tell the tenants surrounding those units to let us know if they have any issues with short term tenants.