You can invest in anything except the following:  Life insurance (SDIRA only) and for both collectables and disqualified parties/prohibited transactions.

Consider all of the services a full service short term rental property manager offers: marketing the property on over 50 websites, taking professional listing photos, optimizing rates to maximize revenue, manage all guest interactions from inquiry through checkout, manage all maintenance issues, collect and remit city and state hotel taxes and manage reviews.

This approach enabled us to optimize the project's profitability.

Although I can see collection issues.

@Alex Ng S8 cures the rent collection problem of dealing with Class C & D tenants, but not ALL problems.Many S8 tenants still have to pay a portion of their rent + utilities - yet don't.Damages: most people now know how to use Zoom.

At the end of the day, everyones ultimate goal is to become the bank and simply lend out a pile of money and collect a return rather than having to do the grunt work of making these assets perform.

They could collect a commission themselves, but they know Im better at what I do than they are. 

I am reaching out to seasoned investors for advice on the optimal approach in this challenging situation.Thanks in advance,Liz

He collects social security and has a part time job.

My first Airbnb was a room in my house that brought in $1500 a month. 3 years later I have 7 Airbnbs that collectively bring in $12-14k.