@Stephen FlemingFrom my experience working with over 400 investors, your strategy of leveraging a low mortgage rate, tapping into home equity, and diversifying with a short-term rental (STR) in Northern Michigan is well thought out.

Tenant occupied properties can be attractive to investors if cash flowing...no one wants to buy someone else's problem. 

Meaning you use the life-left of all the components that will need replacing in due time and factor that into your offer.Components expiring within a short period of time needs to be accounted for as deferred maintenance.

I just keep using my rental cash flow to pay off these short term loans.

Highlighting features like “walking distance to top-rated schools” helped me attract renters even during slower months.Negotiate SmartlyWhile sticking to your legal rights is important, a pragmatic approach could save time and hassle.

I noticed their business is listed as an LLC on their Zillow profile, and we also found that they have a few other unrelated LLC businesses that didn’t seem to work out for them over the years and were short-lived.

I’m looking to ensure I structure things correctly and attract the right partners.

In the short term there may be some hiccups given what I have heard.

Those are some amazing #’s in that short period of time.

I just meant to say that it's our next goal to build that up, having just gone on a spending spree on fixing up both properties in a short period of time.