The reason being is this Person i never had a lease with or rental agreement comes and goes from the property and is NOT living in it..

I follow some real estate investors and want to put some of the strategies I learned into play.A little bit about me: I came to the U.S. in 2019 to study electrical engineering and always tried to learn how to better manage my personal finances.

You definitely want to get with a competent tax advisor for personalized advice.

I will say, in my personal opinion, flips are much more risky.

(Our personal State Farm Agent recommended them and so far its worked out well) We are in Indiana. 

Personally, I am fine keeping my deal analyzer separate from the management of the properties I already own, but I suppose there is some value to one-stop-shopping.* Platforms that try to be all things to all people: This category is mostly Stessa and Baselane, both of which offer landlord accounting, self-management tools, as well as high interest cash management accounts. 

Nothing is different with Airbnb other than those hosting avail privately owned real estate for commercial purposes and only here its at the hosts’ personal expense to acquire the license and pay the tax.

I would still take a look in person since Detroit is block by block.

I am old school I would never personally do that..

I have personally been involved in house hacking and furnished rentals for over five years, and it's been fascinating to see the quality of mid-term tenants we've had over the years.However, it's worth noting that in our area, the demand for short-term rentals on platforms like Airbnb and VRBO has declined in the past 24 months.