That definitely helps explain things, but too messy for me to get involved personally.

I would consider how much involvement you want to have for your investment.

Furthermore, would this require an ABA even though there is not ownership involved?  

For future reference, the agencies will often adjust LTV/DCR by -5% LTV / -.05x DCR for loans involving new agency borrowers with minimal experience / like size AUM / etc. 

.), where things are (cleaning supplies, trash, etc.) and points of interest in the area (such as local attractions and restaurants).As I am new and definitely still learning, if I missed something please let me know.Wish you the best as you get set up!

If the islands can clean up quick I think we will continue business as usual. 

I highly recommend getting involved locally.

Is there a way to separate from them legally without getting a lawyer involved? 

One that involved firing their entire field operations team, which I thought was key to their success.

10% is probably a little steep, and like John said, a flat fee may be more reasonable.Setting up a proper STR is not cheap, but once you are set up properly, you deal with routine breakage.I recommend managing yourself and saving the 20% personally, getting a rockstar cleaning team and a reliable handy person, using something like Hospitable that can help automate messaging when listing, and reading the book from the bookstore here called Short-Term Rental, Long-Term Wealth.