If you want to Air bnb, just hire a management company, do it yourself and keep 100% of the profits.Personally, I don't see what you have to gain by letting people with no financial skin in your property market it to other people and keep most/all of the profits.

You have to have thick skin to deal with a lot of foolishness and be very very firm in holding them accountable to the lease terms.

They have more skin in the game then you do.Make sure you get clear title.

But hear me out.When the private lender asks you about your “deal history,” or if you are putting “any skin into the deal,” or when Bank of America has you fill out their 10-03, checks your credit, bank statements and tax returns, they are asking the same question.

Even if the market slows & i have to let him sit in a home when its done having realtors come show the home until it sellsThats IF i had the propertiesAnd IF i had a Pro like me.The last 10 years it is exactly what i have done in trade for rent lol with my girlfriend on 2 homes & for a longtime friends moms home recently.What ya'll are saying is you are worried about The work not getting doneThe work being subparAnd here is what i say about that ,,,, If i am flipping a home for you there would be a contract with a timeline included would be the quality workmanship you would find in a model home & trust me i worked for 5 new home  builders in Dfw as a construction manager i do know the same flaws & imperfections on the models  exist so that folks dont crazy on textures or gaps at the top of crown molding on a tray ceiling,,, lol Right is right & quality work is satisfying the customer but a 3rd.party can come see the work & say yea or ney. 

They have more skin in the game then you do.Make sure you get clear title.

The builder/GC I'm working with had me purchase the land to create skin in the game.

It looks like a dirt colored substance was ground into the textured floor surface but it doesn't wash off.

Account Closed  correct...the originally contracted buyer should have skin in the game...ie. he/she should put up the earnest money. 

All hard money lenders I have spoke with requires the investor to have some skin, risk in the game.