I'm also looking to get my hands on a good calculator for short term rentals since I'm terrible with Excel and only have a calculator for long term rentals that I know is missing sections that are specific to short term.Any help you can give me would be very much appreciated :) BiggerPockets has an Airbnb calculator, and I see that you're a pro member.Since you've read the STR book and done other education, you know HOW to pick a market lol.

The guests have a credit card on file and your policy should allow you to charge for damages or excessive cleaning.

I already had my own business, some cash, lines of credit and a solid contractor as a partner which is how I have grown my portfolio so aggressively over the past few years.Unfortunately, $8k is not going to get you very far despite the promises of no money down investing.

On the other hand, if these are in terrible areas, you introduce a different kind of risk. 

Same income, same credit, DTI ratio, underwriting requirements.

The rental is not in a great area but it’s not terrible.

Others want a higher reward so take on more risk, like low credit tenants.

The tenant pays a monthly premium and keeps an active bank account and credit card on file.

If it was a single bank with a line of credit that would need to be made public.Now, what I have seen (not saying this is being done here), but with other funds is a fund create a feeder fund /LLC that would issue promissory notes to invest in the fund.

Take a look at the overall picture, i.e. credit score, debts etc.. to make a decision.