If they recognized they were in the hospitality industry instead of the hotel industry they could have done what Airbnb did without much of the pain.  

Unfortunately, charging by the hour would just create another problem - owners thinking they should only pay a PMC minimum wage rates, "because it's so easy to do".Owners don't want to recognize that property managers have invested years in learning what they do - just like owners have in their careers!

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

Would AirBNB still recognize me as the property owner and the one collecting the payments once they generate tax documents? 

Connecticut law recognizes Adverse Possession as a mechanism to acquire legal title to Property.

If I come across a situation where I recognize how I can create value, then I try to create the largest increase in my net position.

Need I mention gambling is legal in Ohio.

If you find a less valuable property, you can still defer some of your gain but you would end up recognizing some tax. 

Unlike traditional real estate notes is something that is easy to do from afar since you do not get access to the interior anyways so there is nothing you can physically inspect.You are correct that you will get $500-$600 a month in payments but also recognize its taxed at ordinary rates... 

Do I gamble my last dime on a single-family cash cow, or do I roll the dice on a flip and hope Lady Luck is on my side?