Business Model for STRs

[Tyler Rowley]

Hi,

I'm considering launching a STR investment business and I am hoping for some feedback.

This is the gist of the model:

- I help people identify and purchase a good STR home that can double as both their vacation home and an investment property.
- They finance 100% of the purchase. 
- I manage the property as a STR.
- I am a 10% equity partner.
- My property management fee is 5% of NOI.

Background: I currently own and manage five STR properties, one of which I own with partners and the agreement is set up similar to what I've described above. Now I'm looking to scale those types of deals.

QUESTIONS:

How would you structure my exit clause?

Do you see this as a fair agreement?

Overall thoughts?