He has the money available- so use that now with the confidence that he will raise the funds at a later time without pressure.4.

But assuming I feel extremely confident in the proforma numbers, does the structure seem fair for the risk and requirements from each party?

The travelers might only stay a short period of time and only stay for a few months.

I would love to work side-by-side with someone with experience so I can gain experience of my own as I build my confidence in doing my own STR for an investor who may not have as much time running a STR. 

I wouldn't go crazy with an accounting software but instead use excel.The other items likely paid for you outside of the PM company are mortgage interest, taxes, insurance, travel to the property, etc.Best of luck.

Many of our clients that are looking at STR are also looking at MTR as Charlotte is currently top 20 in the country for traveling medical professional demand (furnishedfinders), and we are currently one of the largest cities without a medical educational institution. 

More markets equals more time needed to track, meet with your team, travel to and from, tax season, etc.  

You can renovate your way into some equity if you feel confident in your underwriting, but that doesn't solve the cash flow problem. 

Hello Noah, thank you for your vote of confidence!

If you own up to the problem and commit to fix it, that gives me confidence that the bad review wont be reoccurring.