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Quote from @Clayton Plummer: @Rob JoonIn your previous comment you said that Saugatuck city has a STR cap, but it was in its infancy.The township does not have a cap though? 

With 4 years in container conversions, we're transforming shipping containers into modern, efficient tiny homes and small homes.Currently working on a small, 10 home, senior housing development.Expertise: Container home design, sustainable building, alternative housing.Looking to: Connect with investors interested in container homes, share knowledge about factory construction, and learn from the BP community.Feel free to reach out if you're interested in container homes or factory building practices!"

Congrats - would you ever buy in this market for pure investment purposes or do you think its mostly just a good market for a owner-use vacation home?

.: Another question for you pros: we currently manage a small portfolio of CFDs on land parcels and a couple of private loans.

The Trustee of the REIT can buy and sell properties within the REIT without triggering a capital gain event to you as the investor, however, this flexibility also allows the operators to potentially add properties to your investment portfolio that may expose you to risks or asset classes you were previously unaware of.There are a couple of sponsors I am aware of that carve individual properties out of the REIT, into a DST, then pull them back into the REIT at a significant mark-up to the DST investor.

You will just need to lift the freeze again about a week before closing. 

whats the worry.. buy at the court house steps and lien goes away. 

While I read reviews, I typically use it to remove those that I would not invest in, meaning does the sponsor have a bad reputation.

You don't have a great case for a tax appeal here because it looks like it was upped based on the renovation and improvements done prior to you buying it.