Working with investors and doing the rehab work in order to build up revenue on my own to get into the real goal.

For those who have done a base rent + percentage of wedding event operator revenue, what percentage did you use and how did you determine it?

The percentage of the projected AirDNA revenue will depend on your experience and credit score.

The "art" part of it comes at minimizing turnover & vacancy while increasing revenue.

Its just a revenue stream Nothing more nothing less.when I see them I push back and tell them I am not going to pay it. 

So outsourcing some degree of property mgmt would be a must... but the deal won't work paying a local property manager a large % of my revenue...Instead, I would set up my "boots on the ground" (cleaners, handyman), and would need an offshore virtual assistant to manage guests and coordination of my local team. 

Revenue potential for cost and potential STR regulations will be prioritized over a long distance value add.  

I would cash out if I didn't see a path to positive revenue. 

Do I lose revenue - yes.

If you plan on moving and keeping the other property as a rental, it's imperative to ensure that the revenue from the rental far exceeds the debt payments from the new refinance since you don't want to create a negative cash flowing property, aka a property that cost you money each month.