I haven't seen that low of a percentage down on an investment property in a bit.  

It’s imperative to build an increasing percentage of your bookings from direct sources and be able to offer and fill up days at 20-30% less than Airbnb costs without affecting net income. 

While you are at it, learn how to manage your properties well because a large percentage of investors lose tons of money through rookie mistakes with non-paying tenants, unscrupulous contractors, long vacancies, etc. 

For condos, they have to have a vote and changes to the rules need a certain percentage of the votes to pass (and not always 50%, sometimes 2/3 majority).

If one spouse or partner makes W2 and not a percentage of owner we can use just the W2 to qualify if it’s enough.

I suspect a fairly large percentage of RE investors are using value adds to magnify returns

You can also pay your co-host directly or can set up the payments to pay the co-host a percentage out of every booking. 

I've never met a GP who feels that they should have to put a meaningful co-invest and serious percentage of their own net worth into a deal. 

On average, what percentage of revenue are going towards operating expenses?

I wouldn't touch a 2 million dollar luxury home. the land cost at 400k is too much as a percentage of the after built value too. we try to underwrite 10% and normally try to buy land that has 5x multiple through zoning or entitlement for additional upside.