Mark Vorkapich of Gladstone Strategieshttps://www.gladstonestrategies.com/I do agree with the above on checking with your current CPA to see if they have a preferred provider - sometimes it is easier and with better results if your team already has a good relationship. 

•Target a property in the $800K–$1M range to maximize leverage while keeping costs manageable.2.Open a Second LLC:•Create a new LLC for this property acquisition to separate liabilities and maintain a clean structure.3.Assign Funds & Organize Finances:•Allocate funds to property improvements, marketing for new deals, and reserves for emergencies.

As for AirBnb itself - they are far easier to work with and get the hang up than VRBO. 

Let’s just say a contractor taking you to court is easier said than done.

Plus the bar tends to be much lower, so it is much easier to stand out.

Regarding common equity, one advantage of this investment mode is that it targets more upside growth and a higher MOIC.

However, fact patterns are frequently similar and and become easier to resolve (or run away from).The property is subject to competing spousal claims.

I have clients that have these kinds of arrangements, and while it is easier when an org fills your units, you can lose control of maintenance and cleanliness.

@Reeves Bennett, Your property sounds fantastic, and the key is targeting the right buyer while showcasing its value.

In high season, people generally stay for longer periods of time and things are humming a bit easier.