(go look at business credit)Next, some costs...really insurance...is very expensive on the commercial side (well, for STRs specifically, insurance is very pricey).  

It might as well be a 12-month lease, in the eyes of the city.

The idea that the very thing I enjoyed most could potentially make me financially free one day seemed to breathe life back into a confused, lost 16-year-old.For over a year, I continued to watch, listen, and read about real estate investing, as well as study to take my Michigan Real Estate License exam.

Getting your license, or learning another industry within RE — mortgages, insurance, property management, etc — will help you build a career and connections, as well.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Study your market and your competition and try to do as well or even better.I hope this helps and wish you the best in this exciting adventure.

I acquired my first investment property a few months ago and renovated the units as well as rented them out and its cash flowing well. 

Think Chase, Wells, US Bank, Key, and Everbank - plus any regional players in your market active in the multifamily space.If you're looking for a value-add rehab / bridge loan - try both bank/cu's and private capital / hard money lenders.

NEVER, if you cannot find a buyer, well it's not a deal.

Just filing may well be enough to get an offer and with very little cost or effort.