Take an inventory by age of all of your equipment.

They left alot of equipment on site.

Does the price include removal of the old equipment from your property completely - or are they going to just dump it in the backyard.

You also have to have a system in place to vet your guest (which Airbnb doesn't do anyway - all they do is "verify" their identity), create a lease agreement, accept deposits and payments and issue refunds of deposits.

Next month there was another property on the same block, basically identical to the first one, on the auction block.

It is part art and part science.Many of our rental properties are almost identical down to the finishes and cabinets (and in the same suburbs of Milwaukee) and I get a 10% swing on appraisals - at least 5% in either direction.

Even with identical facts.

I spoke with owner and he has 3 car washes in IL, IA and MO and he said he normally only spends a few minutes to an hour each day collecting the coins and checking the equipment.

That they work to execute on your decisions, and equip you to be best empowered to make the best decisions, but never NEVER will it be 100% hand's off "no managing the managers".  

I get to work with a lot of heavy equipment and power tools in my current job.