For guests, if it checks the "W/D" box then whatever fits will be fine, I don't think there is a true minimum.

Many investors choose a profit-sharing model for true equity partners, often splitting profits 50/50 or based on the level of their contribution to the deal, but ensure everything is clearly defined in writing to avoid misunderstanding/miscommunication. 

On the positive, he's knowledgeable and you can get a few things out of this.On the negative, you'll hear some information that is simply not true.  

I will not personally rent anything that does not have a hot tub and a view, and is a true cabin. 

@Silas Melson If you’re aiming for true passive income, turnkey properties might not be the best route.

Quote from @Kevin Sobilo:not necessarily true.

That's true, but not nearly as true as they claim. 

That wasn't true (and I had our exchange in writing) so thankfully that sorted itself out.

It’s true that you should be more diligent with vetting tenants - cash flow is great, but a destructive tenant can burn through it pretty easily and put you in the red.

This is so true!