I also have a AirBnB account, but it doesn't compare to the amount of bookings that come via homeaway.Then again I have searched and not many people using AirBnB for similar Lake front homes in my area.In my opinion and experience Millennial are more likely to use AirBnB and middle aged couples and families who are going on vacation or are traveling use Homeaway.com. after all they are looking to rent the whole house not just a room (as there commercial states).

Clientele is millennials with money or a credit card, upper middle class, honeymooners who spend big (whether they have it or not), retirees with a nice nest egg to spend. 

This is a millennial mindset way of thinking - getting a lot for a very little amount of work.You also say that getting 100% financing is incredibly difficult to do.

I work with a lot of millennial's and I often tell clients who are open to the idea, to use airbnb to help with their mortgage payments.

According to Fact Tank at the Pew Research Center, 2015 will be the year the “Millennial” generation (Ages 18-34) will surpass the Baby Boom generation.

I'll be interested to see what @Michael Kugler comes up with, but it's kind of like as @Peter R. said, trying to make a start-up cable company in a town where it already has a monopoly.Airbnb has four million listings worldwide -- more than the top five hotel companies combined -- 500,000 nightly stays, and they are quickly becoming the choice of millennial travelers.

With the tighter lending standards by banks and the "wait and see" attitude of the millennials, we predict the demand for single family rentals will continue to increase over the next 3 years. 2.

With the combination of the millennial generation buying fewer houses, and the local demographics leaning heavily towards renters, I feel very confident that we will continue to have a large pool of people to fill our properties.3.

If this ends up working for you, please let me know.I'd recommend a kevo quickset smart lock with the kevo smart hub, which allows wifi access to the lock so you can lock/unlock the door from anywhere. eKey handoff is pretty simple with it as well.I haven't looked into the smart smoke detectors or water detectors, but I do like your thinking behind these devices.But from our findings, we've found millennial renters are willing to pay a 10-15% rent premium for smart home amenities, so I'd say its worth looking into to see how IoT devices can impact your bottom line.

Housing is 2/3 cheaper than LA and the $900k+ prices of MFs in LA are just too much for a millennial like myself.