We are not tied to a particular coastal market, since we understand that certain areas have higher taxes/fees/regulations/hostility to STR/flood insurance/etc. 

They have high fees but professional management. 

Think about your loan app fees, etc for your market.

So it's a fee if you sell the contract or a flip if you close on it.

Not counting closing cost and other fees.

See our House Rules in the Saved Responses Section of the Airbnb Paperwork System for our wording on how we charge a fee if the neighbors complain to us about guests’ noise. 7 - Coffee Machine.

if its all your money and risk. then the 50 /50 split is not warranted at this level.I would want a better split for sure.. something like Hey we pay you set fee and a bonus but no way 5050 at least for me

Easiest way to ripoff an OOS investor is to sell them a Class D rental with a S8 tenant that was enticed with no app fee, no security deposit and really no screening.

Our lease was old and had attorney fee's provisions clause which made the case too risky to go to court regardless if we were in the right.

This eliminates the need for a tear off and the expensive labor and disposal fees for that.