I heard there's an $800 franchise fee yearly.Thank you. 

But I find from personal experience and from my buyers' Airbnb experience that it's a bit of a hassle trying to get guests to rebook at the new listing.I don't know how strict Joshue Tree is at enforcement, but in Denver and Colorado Springs here, you could probably get away with an STR listing for three months without the license.

@Adedayo Adetunji people that break into a property & occupy it are called "squatters".On September 24, 2014, three new Michigan Statutes went into effect to make squatting a crime and give landlords more options to remove them (see Michigan HB 5069/PA223, HB 5070/PA224, HB 5071/PA225).

It can potentially be deductible as an ordinary or rental expense, an itemized deduction or simply non-deductible. 

And start the tedious process of building those relationships.Or you could skip all that and find a mentor that also has the community of likeminded people.It will take you less time but is likely going to require an up front investment.Btw have you done a deal yet or would this be your first?

Below are a few areas and things to look for if you're exploring investing in an AirBnB on the Oregon Coast.Most notably, the heart of the Oregon Coast in Lincoln City STR permits will be more difficult to come by.

If you decide to sell and find an investment property with a greater cash flow potential.A 1031 exchange would allow you to indefinitely all of the tax and use it to your advantage to reinvest into larger nicer property/properties.

@Johnny Lynum we did offer them an aggressive cash for keys amount to get them out as soon as possible.

I personally try to avoid extroverts because they are often incompetent and irritating.There's a difference between being an extrovert and being charismatic.

We use Sun Title and Michigan Investment Title.