Quote from @Michael Baum: I don't disagree @Collin H., but I think too many investors justify a poorly performing investment with appreciation.Not that it doesn't work, but not every area has a steady growth level. 

I might just try @Michael Baum suggestion.

Quote from @Michael Baum: On the material participation, it doesn't mean just management.

Quote from @Michael Baum: So for Puerto Rico, it is most likely like Florida.

@Michael Baum  Thank you, I did that for June/July/Aug which gives me a decent idea however I don't think there's a way to view the historical calendars for the listings - they are just grayed out (unless you know of a way?).  

some lenders will base  the loan off of airdna stats if it has a rental history.as @Michael Baum said. 

Quote from @Michael Baum: Wow, arbitrage and Las Vegas.

No money out of pocket and if something changes, they drop you, or whatever, like @Michael Baum suggests, you're high and dry either on the hook for a lease and/or left with a bunch of used furniture.

Quote from @Michael Baum: Honestly, I am not sure why I am posting @Chris Gerard.

Quote from @Michael Baum: We are the odd hosts out because we use a flat rate.