Too give you a flavor of the numbers...

I'm sure your investors would at least break even (or see a small return) even if you charged market rate PM fees, so you're not actually reliant on new business to fund prior investors' returns, but merely to enhance those returns.

I just started my journey on enhancing my REI education the beginning of this year.

Enhanced credit and the reduction of high interest revolving debt should take priority.

Advise them from Day 1 to contact a mortgage  broker and a credit enhancement program.

Whether it's the thrill of skiing, the joy of water parks, or the tranquility of nature hikes, being close to these attractions enhances the overall experience for your guest when they stay at your Short Term Rental home.Thanks for Reading BP.  

It has a different flavor than most of the rest of the state in that respect.

If you invest for appreciation and you are right, you get BOTH appreciation AND cash flow because price increases and rent increases go hand in hand while most expenses do not scale up as such.... and now, the caveats:There are 2 "flavors" of appreciation: forced appreciation (which you control) and market appreciation (which you don't control but can screen for neighborhoods with high appreciation potential.

It may not be your favorite flavor.

I'd go a touch further and plant walkie talkies in the air vents, then have some weird, quiet noises on a timer to enhance the experience.