If we are able to build to back units = $4,800=$14,400/mo TOTALThe builder/general contractor partner can complete this in 3-4 months roughly based on his current projects.I have several investors ready to look at a contract, and how shares will work that don't have experience in real estate investing but are open and interested in trying.I am looking at a split of:-2 shares for myself for finding the deal and managing the project, working on construction and managing ongoing rentals -2 for hotel experienced partner for helping build and manage 6 units (has built 2 hotels, owns, and manages them in another country in a similar tourist environment, along with constructing 8 other rental properties) -1 for local builder/general contractor/reql estate investor with experience in the city in the same area with 4 projects and air b&b rentals in the area, and good relationship with city for permits, building code, and construction workers, plumbers electricians, etc etc.

Recommend you spend your vacations down there, away from the tourist environment.  

I see bad tourists up there all the time which is why locals are so against STRs.

I have to stop my clients from doing their “reflex” to just snap photos and make videos as if they are tourists.

I'm assuming you're in a good tourist area that's why you're offering Airbnb?

It doesn't have to be a prime "tourist" area. 

Basic information of the unit: high-rise condo, 1be/1ba, 630 sqft, no short-term rental restrictionsTargeted customers: younger customers who are here for main tourists attractions, as the unit is walking distance to major attractions in the cityScenario #1:Remove the carpet and refinish and stain the tile hardwood floor under the carpet into coffee (or slightly lighter) colorReplace the kitchen countertops into white granite countertopsLower the breakfast countertop and replace it with a larger white granite countertop (with possible two extra legs), making it an eating area.

2-bedroom, 1-bath, 930 square foot single family home in a small tourist town in northern WI, listed for $48,000 and assessed at $32,000, estimated FMV of $34,000. 

Also, a lot of STR owners in the Valley need to do monthly rentals over the summer, when tourists are not in town. 

I only invest in tourist areas by the coasts and only do short-term rentals.