There's no precise figure because no one will understand your STR or market as well as you do- or, as well as you will (with time).

This way the partner is getting paid more precisely for what they contribute.

For example, our design team creates detailed plans that align with market trends, and our contractors execute them with precision.

But tell them what you are doing precisely - vacation rentals, not regular rentals.

@Mark HafnerI've been investing internationally for many years but it's very difficult to answer the kind of questions you ask without writing a dissertation so I'd encourage you to ask more precise questions in the forum.

Cashiers is unincorporated Jackson County - where Highlands is its own municipality and able to act in more precise way that exact community. 

What precisely went wrong?

@Aleksandra DrovalI'm not sure what statistics you're looking at but everything I've read and heard shows exactly te opposite, that hotels are losing to Airbnb precisely because of the experience.

I don't remember the precise words, but essentially he claimed that there was some sort of standard rental agreement applicable to the area and he could not (perhaps in reality would not) add anything to it at all, which struck me as oddly questionable.

In our company we basically use the cloud based expense reporting software that takes care of the accounts, invoicing and billing in a precised and significant manner.