To qualify under the STR loophole, your property has to be rented for 7 days or less, and you or your spouse must materially participate (usually meeting the 500-hour test, the 100 hours plus more than anyone else test, or doing nearly all the work).

It checks the buying criteria and is the state capitol with many economic development projects happening, which drives new jobs, which drives housing demand.There are other markets in Michigan to consider as well but Lansing is a great place to do what your are trying to do.As far as selecting your local team, you want to have a team that acts as your fiduciary and always adds value and looks out for your best interest.

Most of them offer free trials, so it might be worth testing a couple out before locking into one.Hope that helps, and best of luck as you grow your portfolio. 

To get started test listings on different platforms natively and learn the ins and outs.

I don't own any properties with asbestos siding and I have my concerns, so I hired an asbestos professional to go check it out, grab some samples and conduct testing.Still waiting to hear back from the Asbestos testing but I wanted to know if anyone here has experience, knowledge and or own any properties with asbestos siding?

I would highly recommend running test ads at several price ranges to find what the market would pay. 

The borrower didn't move forward because the rate increased due to the lower DSCR, and the borrower was receiving less cash out.This property was part of a larger portfolio that my client was considering refinancing, but wanted to test the waters with 1 property first.

Testing different times of day matters too—early evenings worked best for me.

This will keep you from searching for tests, emails, notes about a phone call, etc.

Winter is creeping up, and for those of us managing older multifamily buildings (especially the pre-war stock with steam radiators), heat season is right around the corner.One small, inexpensive improvement I’ve been testing is retrofitting radiators with covers.Here’s why:- Safety: Tenants with kids or pets don’t have to worry about burns.- Efficiency: Covers with reflective backing help direct heat into the room instead of into the wall.- Aesthetics: An old clunky radiator is rarely the best look.