If the LTR rate is $1200, but the MTR rates is $1650, I'd almost think it is about a wash if you're including utilities, lawn care, and management fees, and calculate vacancy or am I missing something.   

Tenant agrees not to park and/or store any recreational vehicle, trailer, company owned vehicle, furniture, appliances or any other property on said parking space or said carport without prior written consent of Landlord.Unauthorized vehicles or vehicles parked improperly are subject to tow.Tenant agrees to follow municipal code for proper parking on the street.VEHICLE REMOVAL.Without notice and without liability, Landlord may order removal of any vehicle from any parking space or carport which is unauthorized to park on the premises, is parked illegally or which remains inoperable for a period of fourteen (14) consecutive days.Any vehicle owned by Tenant and remaining on the property after the termination of Tenant’s right to occupancy may be immediately removed by Landlord with full immunity from damages for such removal.Tenant agrees to indemnify Landlord for towing/storage costs incurred.VEHICLE WASHING AND REPAIR.Tenant agrees not to wash or repair vehicles on the premises without prior written consent of Landlord.Activities that cause excessive water runoff, a disturbance to the neighbors, or a public eyesore, will not be permitted.

I've been thinking that getting a pickup could help our landlord duties since we might have to move couches, washing machines, etc sometimes. 

I just put my old washing machine in an STR. 

Wash, etc), you probably should aim for $100 - $200 per door, but you should get some nice appreciation in the coming years.

. ----- Typically a lender would give you income credit of @ 75% on seasoned rental property, so they could 'wash away' some of your mortgage obligation on your rental, for example: Mortgage = $2,000 , Rent = $2,000 - the lender would only factor $500/mo. as a recurring debt to you the other 75% is washed away BUT on a negative cash flowing property they may not be able to do that and it may actually look more like a recurring debt of $2,600/mo. to you (using example) -- which may actually not allow you to qualify for a loan in the future. 

Additionally, I am in a somewhat similar position to you: looking for a place for my family to use, and STR in between.Regarding expenses:- Electric- Gas- Water- Internet- Netflix/Cable/etc- Paper product- Cleaning supplies- Coffee for guest- Fairly regular replacement of linens (sheets/towels/wash clothes)- Insurance- Taxes- Airbnb Fees- Local fees/taxes- Cleaning costs (yes reimbursable, but there is a fine balance between covering costs and not pissing off potential guests)- Mortgage costs- Maintenance costs- LandscapingThere are lots of nuances to running an airbnb.  

You can do something called "wash" the payment where it basically allows you to zero out the mortgage payment as a liability.

Hey Steve, back again so soon they say.Last year replaced 7 washing machines and became a dryer expert.

I think my friend (or the Property Manager) was mistaken, but was he?...