I have some of my furniture on finance, a phone contract but nothing major.

I have a house under contract and it is a MAJOR fixer. 

@Ignacio Linares I think you have nailed the major factors to look for in a market.

If they work nights and sleep during the day, this could be a major problem.

One unit is better than the other which I believe will need the majority of the renovation work.

I have met amazing people so far on BP, all of which have offered to help me in my journey and I am beyond grateful.NOW, I realize that one major piece of any team I build will be a solid and sturdy Accountant.

But still, a Licence (and a commercial lease) does not guarantee against major mess ups:Given Windshield Wiper Fluid to drink: https://www.findlaw.com/legalblogs/consumer-protection/ten-arkansas-daycare-kids-poisoned-after-drinking-windshield-wiper-fluid-koolaid-are-your-children-s/Given Antifreeze to drink: https://www.idahostatejournal.com/news/local/pocatello-toddler-ok-after-accidentally-being-given-sippy-cup-full-of-antifreeze/article_bc78fc64-2f57-582d-8d3d-6b92f3b1bfdd.htmlGood Luck!

As for STR up north, first you may want to think outside the major areas like Traverse City that are already overrun.

Its set me up to be oblivious to the majority of the costs that other companies are charging.I'm finishing up 2 houses right now (3 story start to finish builds) and I'm pursuing building for myself next.  

The vast majority of the time, vetting protocols such as background and credit checks work for procuring reliable tenants.