We would prefer something that allows us to sleep peacefully at night.

Last night, I heard an inspiring story about a mom who brought her young kids along for a 45-minute drive to tour an investment property.

Some of my best B&B pictures were of it lit up at night.

I was reading last night and thought:Why should I spend 2-3 years growing my single family home portfolio when I can just buy multifamilies without having to pay the huge down payment myself, instead using the private lender money?

3.Draft a written agreement where the property owner retains full ownership of all guest funds (nightly rates, cleaning fees, and taxes), while the cohost invoices for management fees and reimbursable expenses?

With TOU service you charge it at night for 5-7c/kw and use it during the day to arbitrage the price difference. 

Thanks for advice especially driving by night!

Two weeks later, 5 bottles of Pepto 8 nights of no sleep.

I'd suggest checking local Airbnb/VRBO data or using AirDNA to see occupancy rates and average nightly rates in the area.

(Note: That's a correction to last night's number which I re-used in error today.