If you are not making cash flow you are gambling on tomorrow instead of investing in today.

As both a short and long term rental owner I’ll just add a few words of caution here...AirBnB and other vacation rental sites like HomeAway are great for the purpose they originated: short term rentals, but they offer minimal protection for the concerns of many owners needing to secure their properties for longer lease terms.As a traditional property manager I’m far more interested in ensuring I pull a full criminal background check, speak with a potential tenant’s present and prior landlord, confirm consistent employment/income sources for > 6 months, and ensure a potential tenant has a track record of paying other bills they have agreed to in writing like credit cards, car loans, and others.On the contrary, at best AirBnB/HomeAway/others give me the following info on guest/tenant: a blurry selfie (that could be their dog)confirmation of a non-specific government IDconfirmation of an email address I can’t seecurrent city/state of residencelist of reviews by individuals running a different AirBnB (that I have no way of confirming is not the guest’s best friend)Property insurance secured by (and in the interest of) someone who is not meWhile I’m OK with taking a gamble on unknown guests using my property for short term stays, stays of longer than 1 month generally involve: Someone looking to move significant belongings in with them (that I cannot legally remove in most states)Moving in for a period of time they’re generally unable to pay for entirely upfrontTenants receiving access only after a legally-executed lease, criminal, background, credit, and income check that’s par for the course in a professional, term stay arrangementEven beyond the blatant lack of risk mitigation tactics common in long term lease agreements, the fact remains that many STR platforms are also skimming 10-20% of gross revenue off the top of owners’ profits for little beyond the initial SEO and payment processing.

Really, I have to agree with Greg on this one, as far as it being easy to deny them, and from my personal experience, it's worth the gamble.  

A corporation offers more personal protection, but can create additional taxes.Another option is to use an offshore strategy, which has it's own set of pluses and minuses.I know an excellent asset protection lawyer who can advise you.

Or, the Landlord can take possession and charge them rent until he finds a new tenant.Requiring giving the tenant the choice of a termination fee or gambling on the other landlord options, is actually a tenant-friendly move for FL.  

People who earn their living from gambling, for instance, tend to spend a little differently that people receiving child support, alimony, social security, etc.  

A 720 probably would have got me a slightly better rate, but I didn't want to wait and gamble with the market if rates went back up higher.

Some of us have done well in California, not by gambling or being stupid, but by picking up bargains when they present themselves and sitting the market out when there are no deals to be had.  

Hi @Federico Cantero,If your deal does not cash flow from the very start, what you are doing is speculating (gambling), not investing.

But, they didn't take advantage of this and they weren't just going gambling and then not paying their rent :-)