We have been hosting a real estate investor meetup for about 3 years now and meet the 1st Saturday of each month.

My team and I are actually hosting one this week in the Bellevue area.

But as soon as you make a direct booking site and start an escrow account (among other things) you then cross that legal boundary between a co-host and a property manager needing a broker license (depending on your state).We CO-HOST for others and remain separated from those legal parameters that would consider us a property manager.

turnkey is just a bundle of services. 

I know some hosts have a "forgotten" basket in bathrooms, that has all the common items guests might forget to pack yet use every day.

If you're considering BRRRR, the FHA 203(k) loan could work for bundled purchase and renovation, but it’s often simpler to use personal funds for lighter rehab projects.You could focus on properties with strong rental potential and manageable upgrades to increase value.

He was able to keep his shares and made a bundle when they sold to Ebay of course, but Elon didn't found Paypal any more than he founded Tesla. 

It makes sense for Airbnb/VRBO's algorithm to shoot new listings to the top of the search ranks to "reward" new hosts for coming on the platform.

In the last 3 years, I've worked with over 650+ new Hosts. 

STR even more than LTR are management intensive and the host can make or break the ROI.