Doing a Prep, seal, coating may be your easiest and cheapest option!

While I can't provide specific advice on Michigan leases, I can offer insights on lease options.

looking for someone who is experienced in lease options.

We also have the option of asking for support via an email.

If you want to talk about 75% cash out options just let me know!

I had a great lender who was able to brainstorm options with me being newly self employed to get me a DSCR loan.

If you need your vacation rental to produce a positive cash flow immediately, I do not recommend the investment. 

Again, its usually the real estate investor who is focused on anonymity and has a spearate management LLC without any legitimate reason who is in a position for their LLC to be pierced because they don't have an understanding of how their LLC's should be operated and are likely operated incorrectly.

He's offered it to me on a lease-option agreement, with a "purchase price" of $1.2M, "down payment" of $200k and 5% interest only payments on the $1M debt.

After you buy the building you always have the option down the line of selling and pulling out your equity or refinancing and keeping the building if it makes sense for you.