We actually leased from a vendor and offered as ancillary revenue to Guests.

I have to say we have less and less Fs each year and this year we actually shrunk 20% in door count but revenue is the same.

I did not include the services/tours revenue is the listed gross above, although I should have. 

I imagine there are a lot of 3/2 that probably sleep 8-10 and if you can offer a slightly larger bed count and a cool game room/theme room you can differentiate yourself a bit from your competition and get some extra revenue through slightly higher rate (extra person fees, etc) as well as an overall higher occupancy. 

That means 65% of the work goes for nothing, NOTHING, zero revenue potential, just spent capital.     

@Ryan Cleary I tend to agree with your thoughts - the ease of management/no maintenance was why I was looking into the 3bed+ luxury condo market.I would prefer to get a STR in an area that we like to vacation a few times a year, using the revenue to subsidize the cost of ownership (which is why appreciation potential is more important to me than monthly cash flow).Finding a newer luxury home that is walking distance to a nice beach in my price range has been challenging.

When you need to use it they take too long and cost you more money in lost revenue and refunds.

The company providing the warranty keeps most premiums as revenue and profit."

If I have to file suit to collect what I am owed, the amount includes lost revenue a result of the wrongfully evicted tenant (lost rent, unit turnover costs, cost to place new tenant (does new Pm charge to place new tenant?)).

Could be a new revenue stream, sending letters to do the break-ups for tenants [of course I am kidding].