Outside of real estate, I own a restaurant and event venue where I am the head chef and everything else that comes with running the company.Excited to learn and connect with you all!

It was akin to the act of deciding on a category cuisine, picking a well regarded restaurant and trusting the chef.

So just be sure that this doesn't qualify as offering significant services which would change you tax filing status.Usually if you refer a guest to a boat rental place or whatever and get nothing, it isn't an issue, but sometimes when offer the ability to book something like a chef, it can be construed as significant service offering.Double check with your tax pro just to be sure.

Because we sell services ( chef, drivers, etc) and tours (ate, zip, yachts) when our house rents, we offset our cost to keep the net much higher than a 7% ROI.  

But don't ever let the chef be the chief of your business. 

In some spots, we work some places like sponsor themselves as private yoga teachers, or private chefs, etc., and it helps our str get a lot of business and a lot of those folks recommend our STRs. 

I had friends some years ago that in a condo put in high end appliances, it was a chef and his wife, so think $20,000 stove, sub zero refrigerator and top end dish washer.

Too many chefs spoil the broth!

Few comparables in that price range so we are talking about quartz and corian counters, Wolf range, kitchen for a chef, walk in pantry, master with custom walk in sex in the city cabinets. 

Everyone has opinions but some are not based in reality.If you are not providing significant services, like daily cleaning, on site chef for meals, custom tours etc. you should be filing on a schedule E. https://theshorttermshop.com/is-short-term-rental-schedule-e...