my understanding that there is rent control as well and can not increase rents more than 7% a year for the same tenant.Just trying to see if there is a possibility to enter this market at this timeTIA Hi Lydia,Currently Michigan legislature states  "a local governmental unit shall not enact, maintain, or enforce an ordinance or resolution that would have the effect of controlling the amount of rent charged for leasing private residential property."

. - Mortgage terms, rates and competitionTypically vacation rental properties are investment properties.

The existing mortgage and deed is already in an LLC. 

@Chris Seveney there is no difference in regards to syndication, private reit...wherever you are fractionalizing ownership. 

Hey what are the rates are you seeing for investment mortgage rate for non owner occupied 750 credit score 

Once the home is under the LLC Ownership, am I able to deduct expenses/mortgage interest payments from my own personal W2? 

Lender communication was trash but fees were excellent (Universal Financial Mortgage Group).

I have not even made any cash flow from a month to month basis and the current rent does not fully cover property tax, insurance and mortgage. 

We don't necessarily need to cash flow, we're just looking to leverage the 2.5% rate and hopefully benefit from appreciation and having someone else finish off this mortgage.

Hello All, Any strategies on how to approach making additional payments towards rental property mortgage?