You might want to visit Detroit if you have not, and drive around the different streets in the city- but I warn you it is very dangerous in many parts.

Eighty percent of the "upgrades" were to the guest experience, but at least Airbnb is staying ahead of their competition by doing this.   

Am I able to raise the new lease by 262 and put the unit at the FMRAlso, can I find out a head of time if the housing authority will pay it ? 

That can take some time, a few phone calls, a site visit, etc but I find it can avoid problems down the road.Good luck,Steve

My bookings usually come in 3-6 weeks ahead of time, which is great as it helps me to plan ahead and is further validation that I'm providing a place of value to people.

Personally, I prefer FtL because I love visiting Miami and only about 30-40 minutes away.. 

Since you're in Europe and can't visit the property, you can hire a professional third-party home inspector or a local property manager who offers property evaluation services.

Did you guys go ahead @Jonathan Wong ?

The paperwork to get them setup almost always meant my first rent check from agency would be about 45 days after lease start, so you need to float that.Tenants always paid with Money Order or cash, both required an actual visit to bank versus standard check that could be mobile deposited or ACH.Neutral:My tenants were not "light" on the property, but generally not overly hard either.  

@Nathaniel C. that's a great question and it shows you're planning smart by thinking ahead about the tax implications.