One of our team members who lives in Michigan has agreed to take on the cleaning/turnover themselves, but we know this isn't a sustainable business model.For those of you in the area doing AirBNB/VRBO, how are you managing turnover?

In my most recent deal with a partner, I bought the land (10k), he pays all costs, I build it, he's building it cash, I put my fee into the deal and that was given dollar for dollar value. it's all based on dollars. so 10k, 25k GC fee on this 720 sq ft affordable house we are doing, plus my realtor fee so my basis is 41k and his is the cash to build which is probably 80k. so I get equity of my percentage contribution. shouldn't be too tough and that's super fair in my opinion. we build at cost when we use a retainer based model and I'm not extending any credit to the borrower. 

As soon as you get a contract on one make sure you negotiate as extended a closing as you can to give you time to cluster your sales as close together as possible.

Most companies have living benefits for these kinds of policies.

Something’s not right there… did anyone else that doesn’t live in Fl that has the lot/s in their parents or families name not changed over to them with some information that also can be done that they didn’t put in the letter?

@Julianne Salamone I'm a Canadian now living in Florida and investing full-time down here. 

And spend my time working on the things I'm good at.I think they ARE valuable to have, especially if you're looking to raise private money   We live in a digital world now and anything you can do to set yourself apart can't hurt!

I would prefer not to be a landlord, especially since I live 2 hrs away in NY, but it is technically doable.

How does this work for the other co-owner of the property that does not live here as a primary residence? 

Hi guys, I am self employed with no proof of W2s, i make a living buying cars at dealer auctions and leaving them on a local used car lot on consignment, I have $30k liquid and around $90k tied up in my current vehicles, usually my  vehicle inventory is sub 11, I want to get into the real estate game but in my situation im guessing its hard to get a good deal in getting a loan, I am single, no debt or responsibilities , ideally i would like to start with a single family home but in the current market so high i would even consider condos/town homes.