If you have a new construction or newly rehabbed, you can probably use lower percentage for CapEx and repairs. 

Also launching my first Airbnb and I'd really like to find someone that can help me add a zero.Thanks again for the input.  

the gain up to the limits is tax free.But by holding an additional 3 years you possibly reap appreciation, cash flow, and depreciation from an asset newly placed into service. 

VRBO/Homeaway recently launch a product called MarketMaker.

Why it's portrayed as some newly created scheme I don't understand. 

@David Brooks I’m getting ready to launch my STR in Lake Arrowhead and was wondering how yours has been doing?

It's an off-market property that is newly renovated in a wonderful area (Brauers neighborhood,few blocks north of Church Hill North).

Making sure I get some ducks in a row before launching into this realm.

There are a number of newly renovated houses as well 

I'm hoping the newly renovated apartments will bring $3300/month rather than $3000/month, which would increase the cash flow considerably, but even at $3000/month it will cash flow positive.