It falls short of the 1% rule which with current rates is not sufficient in most markets to have achieved real cash flow after properly allocating for sustained expenses. 

You might also want to look into supplemental insurance for future stays, like Proper Insurance or Safely, to cover situations where Airbnb’s support falls short.I'd be happy to help more.

I have no debt aside from the properties and regular monthly credit card debt.

I forged ahead, moved into the house and used credit cards to partially improve the property before they maxed out. 

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

@Chris Kay to learn to properly DIY manage you have two basic options:1) Trial & fire on your own, hopefully not making a major mistake that costs you tens of thousands of dollars.- Once your time is more impotant to you then the cost of a PMC, you can hire one.2) Hire a PMC to guide you on your first rental and learn from their expertise.- You can buy additional properties and DIY manage those, perhaps leaning on the PMC for any issues you're not sure how to handle on your own.Good luck:)

Their debts would include not just car payments, student loans, and credit card payments but also things like child support paid.

Now I’ve been running up my credit cards to finish my rehab since I don’t have my money.

@Tar-U-Way BrightYou can use the LLC to set up business bank accounts and business credit cards.

Fra I d in every transaction. we are funding our own credit cards and being tricked into paying someone else's debt.