Or are you simply in the preliminary stages right now?

Conversely, the same two-bedroom, one-bath unit could fetch $1600-1700 under a traditional LTR arrangement without furnishing or utilities.Considering the added expenses, the MTR/STR model doesn't seem worth it for me, given the marginal increase in revenue.

They can figure out their own internal financial arrangements for themselves. 

@Greg Kasmer - is this percentage arrangement detailed in your property management agreement?

If you are in the 'maybe' stage, then maybe this is not the right time for you to jump into that particular field. 

To obtain $200k worth of cash flow at current interest rates would require around $7M worth of purchased real estate in the NY metro region if they all had loans at their nascent stage. 

We are still in the early stages of AI. 

I'm aware that approach may go against the very idea of flipping (e.g. 70% rule), but at this stage I prefer to be as cautious as possible, even if my margins might be smaller.

Hi David, be sure to conduct thorough due diligence on the property and evaluate its investment potential before proceeding with any financing arrangement.

I help with guests' communication, responding to inquiries, writing reviews, coordinating guests' check-in and check-out, and arranging cleaners for turnovers at far much lower prices.I'm new on Biggerpockets but I have experience working as a virtual co-host and I presently help to manage 2 properties in Atlanta, and they are doing great.