Split-fee: most common and split between the Host and guest. 

They only like to go deep in bigger amounts with proven performers and more regular prefs and split ratios.  

If you dig in on the south or west side, you should be getting deals that are distressed enough to just use regular hard/bridge/private money that is expensive. 

My regular LOC is charging 7% today without points but it changes daily.

With REPS, if you hit 750 hours and spend more time on real estate than any other job, those paper losses can offset regular income, which could mean huge savings.

I get the rent is substandard but it seems if they just hold on for another 7 months they have a vacant property they can sell to all the regular primary home buyers in the market and get a much better selling price.

Conduct regular inspections?

We now own 4 properties in the Blue Ridge Area and are co-hosting 5 others (with 4 more coming in the next 6mo). 

Double check on insurance costs for a 400k STVR not a regular residential home.

We work with 25, 000+ hosts across Canada and are quickly expanding throughout North America.