Get to know the laws, zoning rules, and tax obligations concerning short-term rentals in Michigan.

I believe you can convert your primary to a short term rental without an issue (but check with CPA).  

There is established law that payments apply to oldest debt first.

Was James Wise complying in full to realty law in his jurisdiction, yes.

GA law is very vague about it.

Its a case from Montgomery, MN from the late 1960’s and once you read the case, i believe, that like myself you’ll no longer wonder why its not discussed in law school, let alone your local boutique RE schools.

Thanks It depends on the details but you might very well run into "seasoning" issues trying to pull out more cash then you just purchased the property for. 

Hey Rahul, I ran into the same issue through conventional as I was starting..

Recently, I heard conflicting information about Wheat Ridge, CO's STR laws/regulations.

In one year, the US Treasury Dept issued $21 trillion in treasury bills to fund the spending of the federal government (Kobeissi).