But one thing it does seem would be beneficial would be to use an accountant that's familiar with every possible way to deduct your expenses now- someone who invests themselves or works with investors regularly- there may be things that qualify for expenses vs capital improvements that weren't accounted for. 

I'd figure my regular job paying what it does would allow me to cash out no problem.

@Michael Baum Yes, you are correct that regular preventative maintenance is key, as well as having a good local handyman.

Minimal duties include: obtaining monthly dues, tracking delinquencies, thorough bookkeeping, regular communications to owners of budget, hosting a website, regular maintenance on the property, and managing and vetting contractors, managing contracts and renewals, etc.

Going one step further, a host could have a member of my team dispatched to the property if they do not comply with requests to shut things down.

Yeah, I'm trying to find out in advance if my regular electrical inspector is going to curse me out for wasting his time.

,All you super hosts out there, would you stick a King size bed in a 12'8" x 11'7" sized room?? 

Paying 2 and 20 is fine for a large hedge fund investor with massive upside, not regular minions that can't really afford savage tenants. in my expensive equity market, I make my living on equity capture at the buy transacting solo, off--market. 

For example, one way would be to structure it as a buy-out (offering an initial downpayment and then making regular monthly or annual payments with the revenue the business produces.) 

Calling all CPA's and Airbnb hosts,Has anyone had any experience writing off rehab expenses against Airbnb income?