Traverse City MI Vacancy Rate
I am looking at buying my first rental property and debating between a single family or VR. I would appreciate any advice anyone can give on benefits of one over the other. based on my initial evaluations it looks like a VR would generate more cash flow but I am making some assumptions on the vacancy rate and not sure how accurate they are. I am looking at properties in the Traverse City MI area. I know that it will be seasonal and I am assuming a 20% vacancy in the peak season and 80% vacancy in the off season. does any one have experience in this area, or another seasonal area that I could use for a starting point? Any input would be greatly appreciated.
Tyler