They should pay just like someone on a regular lease pays - cash or equivalent into your bank account. 

@Nick Rivers If you've already taken courses and webinars, then the only thing that will help you become more proficient is by actually underwriting deals on a regular basis. 

The participation must be regular, continuous, and substantial as defined by the IRS.

Hey everyone!  Super psyched to join this community. As a realtor in the Boston area for the last ten years, and successful AirBnB owner up in NH, I’m ready to shift my focus to building a strong cash flowing portfoli...

I have many questions that need answers so I will likely be a regular here in this chat.

By all means give them a note on how to use all of the appliances (eg clean out the lint trap on the drier after each load, do not use dish soap in a dishwasher, change the furnace filter regularly, etc).

You are tagging and categorizing the CapEx items correctly or are they going to "regular" operational expense?

What is interesting though, is that rental homes that are listed for sale are sitting a little longer.

Your best/safest bet would be a regular lease combined with an option to purchase.

And while yes, no one has the same pricing (combination of factors), I also continue to check on a regular basis our rankings and how we "present" on total costs per stay vs. our competitors.My gut says there is price creep and we might have a ways to go before the market really corrects.