So if you are looking to hold long term, you must take that into consideration.

Quote from @Andrew Lawlor: I've been actively investing in short-term rental properties for the past three years, managing one live property and another that will go live in two months.

I don't use padsplit (weekly rentals); I rent on long-term leases in B Class neighborhoods.

I’m currently exploring the Short-Term Rental (STR) market in Ft.

.: Quote from @Matthew Irish-Jones: Buffalo is a good market to invest long term if you get a good property, on a good street, in good condition.  

Properties in or near these cultural zones can be prime for short-term rentals or Airbnb.3.

We all don't care how much Apple profits on our iPhone... what really matters is the product or value we get or in this terms the ROI on our principal.The fees can be broken down in the three main fees (so you might have to combine some of the above fees under one of the categories below):Acquisition fee (paid % of the asset price) - normally 1-3%Asset management (paid % of the income the asset produces) - normally 1-3%Distribution or exit fee (paid % of the sold asset price) - normally 1-3%Development fees (this is present in development deals) - exampleNOTE: Just because these fees are high or the split structure has too much going to the GP does not disqualify it.

Without sharing greater detail of your proposed investment, no one can offer anything of value in terms of what types of returns they would want to see to compensate for that risk.

Draws in good demand for long term rentals as well as appreciation. 

I've seen some lenders offer as low as 15% down on an investment property but the terms they'll impose for doing so aren't usually worth it imo.