The tenant in common nature of the ownership would tell me that you would only be related to your mother in laws portion at the most. 

I also wonder if some hosts only list during football season and then transition to mid-term rentals (MTRs) the rest of the year.New Tax Changes Coming in January 2025Starting January 2025, Airbnb will automatically collect and remit the 5% tourist tax for Gainesville.

Based on what I am seeing Ft Myers and Lehigh and not doing well.Cashflow has always been tough in most areas of FL, SWFL is no exception.

This is where everyone started.Residential investing is very forgiving by nature, you have to try hard to really screw it up.

Also in Touristic cities like Paris there is a competition among tenants to get the LTR  appartment.

However based on these experiences still seem too risky versus just going after some of the options with RealCrowd that seem attractive and proven. 

Prices a few years ago were based on expectations of (in addition to interest rates staying low): - Then current operating cost assumptions (like insurance cost expectations being flat)- A seeming disregard for record levels of new inventory / supply hitting the market- Extremely high inbound migration expectations which are likely to not be met, due to both natural disasters and the boomerang effect when people from California or the Northeast move to the American South and hate every minute of the humidity, the large and relentless swarm of insects, and the occasional hurricane. 

Naturally you need to charge them for any damage to incldue smoke damange 

Amazing beaches, food, nature, culture, etc.

You will then naturally refine your approach as you get feedback from results.