Reading David greens book right now on long distance investing.

We are doing individual room rentals it’s a 6,000 sq ft nine bedroom home Things I have heard to include besides basic items are air fryer insta pot tea kettle vacuum sound machine black out curtains and full length mirror We do plan to add a sauna, exercise equipment and possibly a hot tub.

Here is what I proposed:Setup fees : Administration Setup:One Time Fee: $400Guidebook: Using professional photos give the guests a professional tour of the house and how the home works (Wifi passwords // How to use grill // How to use propane fireplace // Hot tub instructions // Sauna instructions //Check in and check out instructions //where extras may be storedOTA (Online Travel Agency) setups: taking professional photos and actively updating your listing on popular platforms;PMS (Property Management System) Setup Smart Pricing Set upWebsite integrationOther (furniture arrangement / design / décor shopping and set up) $50 per hour· Placement fees · Marketing Cost: Variable depending on needs/wants for marketingFacebook AdsGoogle Ads Cleaners: Set up procedures/take pics of expectations· Management fee—30%Guest communicationCleaner communicationSetting Rental rateDealing with small maintenance issuesBooking CoordinationSmart Lock integrationKeeping supplies stocked (TP, paper towel, all cleaning products, coffee, filters, creamer, sugars, teas,)(Receipts would be submitted on a monthly basis for either reimbursement or book keeping purposes)Encouraging guests to leave good reviews by periodically checking in, providing a review template, and ensuring guests receive the amenities they are looking forContinued marketingMajor Maintenance fees—OwnerCleaning and laundry services fees: Cleaning fee to the guest depending on how cleaner wants to charge

I mean no disrespect to the other hosts, but I continued to listen to the BP podcast when David Greene was the host.  

(I got David Greene's Long Distance REI book and am reading it) Thank you

So David Greene just posted on his Instagram an explanation and from the sounds of things he and Rob were fired and it doesn’t sound amicable.

Also if you read David Greene's book "Long Distance Real Estate Investing" if you will be of great help and give you the confidence you need.

@Josh Green listed alot of very valid points.

Sure, I definitely would recommend David Greene's BRRRR book.

Regarding my initial question on capital calls, my reading of said tea leaves says that 80-90% of capital calls in this current cycle will fail.LP’s out there: think things through carefully before agreeing to capital calls!