From an expense perspective, budget 20-30% for management, factor in all utilities (your guests won’t be paying them and all utilities tend to increase once you go STR), add some dollars for misc supplies, linens, toiletries, furniture replacement, etc.

If that isn't a clever (albeit heinously crooked) business model I don't know what is.Those pictures are from C-Class areas?

Very clever!

So they may say something like no more than 6 weeks personal use, and they won't care if it's you or your family or your friends, if they are not getting commission then it's personal use to them.Yes you (they) will pay any fees related to checkin/checkout such as cleaning or linens or trash pickup, etc. but should not get charged anything for the stay.

Don't try to be fancy or smart or clever and try to take advantage of a minor imbalance between risk and reward.

@Alan DeRossett I have heard of some clever work arounds on the short term rental issue.

@Cindy CraftI think everyone’s comments have covered the revenue side but make sure you’re really looking at the additional costs of short term: utilities, cleaning, supplies (toilet paper, paper towels, damaged linens, cleaning products).

I'm wondering if anyone knows of any clever ways around this or other options?

It’s bad reviews on this guy and Clever Investor for a reason.

We immediately replaced the flooring with LVT, painted, installed new bed frame/headboards/linens, and fix a few minor cosmetic issues.