I have not had any direct contact with him, but the info on his site is typically spot-on and I link to it every now and again. 

I understand, this will work well long term if or when I begin investing in residential properties.

Ordinary Income: Profits from flips are typically considered ordinary income, not capital gains.2.

Be conservative in your rent projections and overestimate the repairs.I am not sure what the age of this property is, but I have found with older properties (mixed-use and apartment complexes), there are several variables that are typically not an issue with newer properties.

I'm diving into the world of short term rentals and looking for some advice on the best ways to research local regulations in different towns and cities within a state.

There is a genuine housing shortage of all kinds on the coast, long term rentals included.

It's the same everywhere.Just include in your offers a term that the seller pay your agent from their proceeds. 

We're looking for buy-and-hold long term rental properties that need minimal rehab work to be rent-ready.If anyone has any banking recommendations in Michigan I'd love to hear them.

I have active SFH long term rentals in the area. 

Depending on how much material or items you need there's always people selling excess material and items they ended up not using or needing, typically at a discount.