I have one like this and we furnished it and turned it into a mid term rental.

I do very well with the Airbnb income and do not want to turn it into a long-term rental.

On our deals we always do rental rate, occupancy percentage, cost, and finance stress tests.  

I am particularly interested in purchasing my first investment property as a short-term rental (STR).After analyzing recent data from AirDNA, I have identified several promising areas: Douglas, Saugatuck, Fennville, and I am also exploring opportunities around Stevensville and New Buffalo.I understand that regulations around STRs vary widely, and I've taken the time to study city maps to identify areas where they are still permitted.

How does that compare to keeping it as a long-term rental?

I bought my first rental back in 2005 so it’s definitely a long game for me.

We're considering raising them a bit upon next renewals.If you need some rental comps, let me know.

BP Family - I am currently under contract to purchase a long term rental home and will be closing on July 12th.

Normal wear, and terror, for my tenants are to be covered by them typically at the end of the rental lease period. 

So now we're rushing into an idea that we've had for a while: Short-term rentals.