This will give you a good idea of the supply and demand as well as the standards in your area.

Reduce her pay and you could lose that.3) Does she provide her own cleaning supplies?

For example, 200 miles one way (guess) x $0.67 IRS mileage rate x 2 = $268 estimated vehicle cost per round trip, which is per guest stay.I'm using a calculator that factors in management costs (cleaning, hot tub maintenance, CapEX, OTA service fees, supplies, refunds, utilities, landscaping and internet) - it does NOT include marketing/tech tools like Lodgify, Guesty etc. so good flag. 

I'm currently a novice trying to break into the real estate industry in any form or fashion, and I'm willing to collaborate on joint ventures. 

(It also may be a good old fashioned clogged drain.)Either way, you need to schedule the septic to be pumped out now and every 2-3 years. 

The supply of new units is overwhelming and demand is just not there.

In the Reno, NV market the single-family is out performing the multifamily because of the short supply and higher prices.

I believe VRBO does as well, but once the listing is connected to a PMS everything changes and you have to supply your own payment processing and guest verification. 

Many of these Colorado resort areas are becoming oversaturated with supply.

I mean once you talk to them, it's pretty easy to spot if they know what they are talking about.I've work on STRs before and to be honest, it is not the most fun aspect of accounting because the volume of allocating income from all sources (airbnb, vrbo, stripe, direct booking, and so on) to a bunch of random expenses (cleaning, supplies, repairs, advertising, commissions, and all typical real estate expenses).I had to strictly rely on the client's input on what the expenses belong to which property or even units, if the paperwork doesn't say.