I cannot vacate my existing home.

When most people think of short-term rentals, they think of vacation destinations such as mountain or beach towns, often bringing them out of state.

So, here’s how to analyze the overall condition of a building by inspecting the least number of units.These include:The Down Unit – The one that is stripped to its bare bones.The Occupied UnitRecently Vacated Unit – One that requires rehabRecently “Turned” UnitTIP: “Don’t read the complete Inspection Report, only read the summary!”

Purchase price: $135,500 Cash invested: $135,500 Our original home, vacated and turned into our first rental property, December 2020.

On the thanksgiving vacation, I'm going to drive down to Florida, and look for a properties that I can live on one side and rent out the other. 

Second, if you do allow businesses, you should have a list of requirements like verification zoning allows the business and proof they are properly licensed, registered, and insured.Third, if you know it's unlicensed then you should give them written notice immediately and demand they stop or vacate.

The ultimate goal is a family vacation home that puts money in our pocket in the simplest way possible.

I am unsure whether to start with a SFR closer to my location in the metro Detroit area or possibly invest in a STR up in northern MI (possibly Traverse City or other vacation destination)What areas in Metro Detroit have the best cap rates for SFR or residential multifamily rentals? 

@Ian Dyer form an owner standpoint I actually enjoy Appfolio.

Hi @Ben Mitchell, I hope you are doing well and enjoying the new home.