AB 2424 (Schiavo) takes effect on January 1 2025.

Can't speak to the organization in Michigan but generally the benefits of a well run STRA far outweigh the costs.I am a property manager in Hawaii so we are constantly being hit with new anti-STR legislation and have a large, well-funded hotel lobby to deal with constantly.

This is my first flip and I'm using a heloc on my own primary to fund the project.  

depends on leverage or not.. 

On a fixed mortgage, i could pay extra payments (or a one time lump sum payment) and apply it towards principal.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Then I asked her when was the last time you saw a heat pump with a gas line going to it , and the words on the front of the furnace says Reem Gas furnace ? 

If the latter, no rental history for DSCR.If the former, it would really be hard to find a good deal on an active, successful STR.My 2 cents,Mike

I have a friend who lives in Detroit and we will be partnering up on our first deal so that we have boots on the ground in the area.

To pencil out whether a deal is good I work at a high level and have maybe a 15-25 tasks and to actually manage the work once I buy a property I might have a a couple hundred tasks depending on the complexity of the job.