Furthermore, you will have some passive activity loss limitations to deal with, presuming that you do not qualify for the "Real Estate Professional" designation in the next two months.

People will start to realize that a law designed to protect against criminal international money laundering captures more innocents than anything. 

Quote from @JD Martin: I can't speak to rates - I think eventually they come down out of sheer necessity - but as far as the economy we must be living in an insulated bubble up here in Northeast Tennessee; no one has bothered telling us the economy is bad.

People that are good at branding and review designation can bury those low reviews and I wouldn't want to own someone's reviews but I am not your audience as far as a projected buyer as we purchased ours for a deal and they are both higher end beach stilt houses that are side by side and neither had been listed as a STR on any platform, we built it up with a direct book site and also use the platforms as well as the local website in the area to book. 

Doing a short term rental in a separated area that has its own designated, kitchenette and bathroom, would likely give you better returns and less headache.

I have 3 family apartment building and a SFH with 4 garages, 1 shed, and 4 outside designated parking spaces for sale for 1.75 million. 

Congrats, love the design!

Glad to hear that you have actually done a partnership like this, or any partnership in fact, therefore you're qualified to share your opinion unlike some of us who have not done a partnership and should not be allowed to comment.Despite investing through through the tech bubble, Argentine currency crisis, the shale boom, through the GFC, through global markets, through polar vortex's, through the oil drop in 2014 with Russia, there's no way I could qualify to come up with a legitimate and qualified response to such a partnership. 

Your nightly rate will be influenced by proximity to the beach, interior design and amenities (ex game options, fire pit, pool, etc).

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