No cleaning crew is perfect, and there will be guests that move dressers to find a spec of dust and complain, thats part of the customer service business we're in.

Custom Cabinetry.

It's probably his experience working in all of these areas of real estate that gives him the ability to connect with his customers on a different level and understand their pain points. 

Would I rather own an AirBNB in Galveston for the next five years where a permit currently costs $250 a year and a correctly bought deal can still perform exceptionally, or in NYC where I can no longer operate now and for the foreseeable future?

Quote from @Li Kia: Yes, these are all legitimate deductions.You are technically only permitted to charge them a depreciated value.

Not possible anymore in this market and I expect many will be forced to leave the business if they can't step up and evolve to the needs of the customer. 

I also look up the property on the county website to see if there were any permits pulled for the work recently done.

My company uses ShowMojo Self guided showings ... you can customize it to ask several questions and then it gets a copy of their drivers license to identify that they are who they say that they are.

If they are paying out 5% rates to their customers to relend out they usually need at least 150 spread to make any money.CMBS and LIfe Insurance can be lower on the interest rates but you can get yield maintenance or defeasance which is very expensive if you want to break the loan early.

I see that you are an actual company now and you obviously have a fairly good customer support/response team!