It simply depends on your time frame, when you want to actually begin renting the property out short term, and what the loan terms are.

For consulting with a CPA.As mentioned above you can simply take monthly distributions, but what is most important is how you are set up. 

If the claim can be disputed, OTA disputes it and makes it hard to collect and the host may simply give up.i think pm, airBnB, guest and LL all know who was responsible for the vape in the toilet, but ota did not charge guest or pay for it and gave the guest a discount (a discount for an issue that the guest was responsible for).  

Without rent control i either raise their rent far above market rents so they give me notice (my preferred method) or i simply do not renew their lease.

The challenge for me will be to attempt to mirror this type of financing approach to Southern Calif. real estate. 

@Drew Sygit The verbiage in our management agreement is as follows: make, contract, and/or supervise repairs, alterations, and/or decorations to Property; to purchase supplies and pay billstherefore; Broker agrees to secure the prior approval of Owner for all expenditures estimated to be in excess of $500.00 forany one item, except monthly or recurring operating expenses and/or emergency repairs in excess of the maximum, if inthe opinion of the Broker such repairs are necessary to protect the property from damage or to maintain services to thetenants as called for in their leases; in the event that Owner is unreachable after multiple contact attempts for more thanforty-eight (48) hours to approve a repair in excess of the above amount, Broker shall be considered authorized to makesuch repair.I've been contacted about high ticket items in the past but these "make readys" are done without approval. 

Anthony,You would be surprised by using some old school methods like simply writing a letter like you mentioned. 

@Kevin Collins you are asking for advice and I am taking time out of my day to actually give you a different view point in an attempt to help and assist you but you are upset it doesn't quite conform and confirm your thoughts in the way you expected. 

A quick internet search led to quite a few complaints by people claiming to be ripped off, had deals fall through, or simply getting the run around each time. 

My favorite way is is simply using Pricelabs using a comp set, OR using Airbnb itself to see what your direct competition is.