If it would concentrate on rent collection only and do it well, it might be okay. 

Did you join Capital Collective or Raise Masters?  

Every month, I collect a payment from Don, use a portion of his payment for my payment to Chase and keep the difference.

I have some clients who prefer to have a PM for maintenance/contact/rent collection/general management and will place tenants and write leases for themselves in exchange for a reduced rate.  

Originally posted by @Darius Ogloza:I knew a guy in Rochester who bragged about running a lease to own scam where he would collect option consideration from his "buyer," monthly lease payment for full rental value plus additional consideration representing the rent to own monthly payment. 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

You should get more nights in the smaller property that can still easily accommodate a family traveling, but is still inexpensive enough to make sense to solo travelers.Cleaning fee impact: Don't you collect this back from your guests?

Here's the deal: You don't need to withdraw and return the current security deposit just to collect the additional $100.

An annual business tax as a hotel of $50 and collection and remittance of transient occupancy tax of 12% from renters is required of all short-term vacation rental operators.

Probably going to be a check.Smart contractors are starting to understand that convenience matters to customers and being able to take different methods of payment can help them collect their money.