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.

Not in a rush to refi but when I found someone who claimed to be offering something at nearly an entire percentage point lower I wanted to do it and take the other person off the loan but not going to refi for a higher rate obviously.

This is what I am seeing in my market where a large percentage of home sales are estate sales with properties that are outdated significantly (lower purchase price) but comps for those homes haven't dropped compared to what they were selling at 2 years ago.

Will,That's a question that involves a lot of detail and conversation to map out the LLC, Financing, Grants, and percentage of partnership should you decide to acquire more than 5-10 properties.Feel free to reach out if you want to discuss the scenario and I can try and detail some tips from my experience. 

If I over fund the maximum it would just make my fees a lower percentage of how much was put in which doesn’t negate the fact those fees are still there. 

It's that lightbulb moment where you realize that even after paying the surcharge to pay a mortgage with a card, you still earn positive cashback, making your net interest rate on your mortgage effectively a negative percentage.  8% cashback - 3.5% pay by card surcharge = 4.5% free money, and considering my mortgage interest rate is 2.75, that effectively means I pay no mortgage interest and still earn 1.75% free cashback.And the best part is that this passive cashback is generally speaking not treated as taxable income.

You should talk to your tax professional about writing off a percentage of the home used as an offie.