You should still be netting a good margin, that includes the cost of PM. 

I am an Airbnb owner myself and understand the amount of expenses that incur with a short-term rental and you feel as if your profit margins are getting smaller and smaller. 

Ex (random numbers pulled out of thin air)$100k purchase $160k ARV$30k reno but $20k at cost$15k holding costsTotal Cost:$145k cost or $135k with contractorWith the contractor at cost, I have an extra $10k of margin where I don't lose money, but obviously not ideal for the contractor since they would make less.I think a good way to price it would be the equity would equal your profit if you did a fee construction at slightly below the projected ARV, and slightly below the projected hold time.

Moreover the quote becomes expensive if a lot of work needs to go into it, so they need industry standards based on published data or internal data.With that said, the easiest way to increase your margins is to figure out how to charge more. 

Need more margin in possible rental income.

Meanwhile, a friend of mine who stated at the same time and is only marginally making it despite long hours is still trying to decide whether or not he wants to spend $250 to send out 500 postcards.  

The margins aren't there and the market is over saturated in most areas.

Those rates are for A/B paper but still coming down and margins on the MBS looking a lot better.

On the other hand, if you are netting significant profits (e.g. 100K+ per year, but I really don't know where the cut off point is) in the US, the overhead may be worth cost / aggravation.I am curious what structures Canadians are using and at the end of the day, what is the effective marginal rate they see.

(Also, the developer is reasonably experienced + wealthy and has personally guaranteed some of the existing development projects - but wants to move away from that)I'm also planning to get some equity in the JV / the broader development company (much less equity than if I were to be a pure equity investor of course). because I do think this could scale to 300-400 homes / yearOf note: These homes are modular in nature - so are faster to build and margins are projected to be attractive.My questions for you all is:Have any of you lent to development assets with cross-collateral from cashflowing properties like this?