An annual business tax as a hotel of $50 and collection and remittance of transient occupancy tax of 12% from renters is required of all short-term vacation rental operators.

Nearly all of our business came from the relationships that our originators had built over the years. 

My community is safe, and yard signs are a great way to advertise my business.

They'll be your best friend & business partner in making sure the property performs and gets the attention it needs to keep tenants in place for years to come. 

They must be very low odds because insurance companies are in the business of making money, not paying out maximums.

Once you hit a certain number of loans (check with your state dept of banking and finance or dept of business regulation), they might require you to have a license.

I do not sell my model but I have a friend in the business who offers a much better model than Michael Blanks in my opinion.

Quote from @Joel Oh: Your business must make money day 1.It is so much more difficult to fix the model that is not making money than starting a new business that makes money day 1. 

Only reason I've been doing it is to get 0% business credit card limit increases.  

I certainly don't want to get into the business of being a "bottom feeder" that takes advantage of people, but if there is space in the industry for someone to help people in your situation while making a fair profit, I wouldn't mind learning more and getting involved.If interested, message me.