Air BNBs structuring partnership

[Elizabeth Esplin]

Anyone here have much experience with AirBnB and structuring partnerships?

Looking into a million dollar Air Bnb with OPM but this is all very new territory to me as far as how do you structure your percentages and how everyone gets paid. I.e. you rent out 10 days one month and 30 days another how do you structure the pay for each investor? We're providing the hustle and the rest of the equity would be coming from other people investing, I of course imagine they would be paid first but do you just see how/where you come in at the end of each month and divide in a percentage or one person gets paid their percentage first and then divide from there?

How do you handle or write into a contract/deal of if someone wants out later down the road when you're working with multiple partners?

Do you self manager or hire a PM? What's been your experience (seen both but would love to hear your opinion)

Thanks in advance!