Use tools like AirDNA or Mashvisor to provide market data on projected rental income and occupancy rates, and make sure your lender works with appraisers familiar with short-term rentals.

As a short-term rental property manager in Massachusetts, I charge a 20% co-hosting fee, which includes full-service management—guest communication, vendor coordination, cleaner oversight, and overall property operations.I've seen competitors charge anywhere from 10% to 30%, but lower-cost managers often cut corners, while higher-end services may not always justify the price.

Quote from @Nicholas McCormick: Howdy-Does anyone have any experience with short term rentals in the Bloomington, Indiana area?

I exited the market due to the short term rental regulations - properties that are rented under 90 days are considered short term.

@Craig Holland Land is often sold with owner financing, in part because buyers have a hard time financing it, and in part because buyers often only need a short time before they can build on the land and refinance out of the seller loan. 

Since it was my first duplex, I thought having one short term and one long term rental would be good.

The HOA is certainly not trying to push out short-term rentals.Thanks Tyler.  

Easiest answer, which is mentioned above and exactly what we would do, is just put a small sentence in your description and house rules.

@Marc Shin, Soundproofing is definitely something worth tackling for a short-term rental—it’ll keep your guests happy and help you avoid complaints.

We drafted a short-term “use agreement” giving her a couple of months to find a new spot for her outdoor furniture and tools.