With a "facts and circumstances" test This article can. help: https://www.irs.gov/publications/p523#:~:text=If%20you%20own%20and%20live,factors%20are%20relevant%20as%20well.Please discuss this with your accountant, as your facts and circumstances will matter greatly here! 

I would be lending their money and paying myself a loan origination fee and perhaps a spread on the interest the real estate investor is paying and what the lender is receiving on the back end. 

The efficiency of a solar installation is dependent on many factors - location (or average daily sun hours), house orientation (15deg SSE ideally), roof inclination, shade obstructions (on the roof and/or around the house), consumption, components used, inverter or microinverters, hail resistance, warranty, utility payback vs net metering.

Here's a summary of what they've offered:- Monthly PM Fee: 8%- Markup Fee: 15% on top of bills for services like fridge setup, applicable to any expense over $300.- Late Fees: They retain 8% of any late fees collected.- Initial Setup Fee: $300.- New Lease Fee: $275, but no fees for lease renewals.- Maintenance: They offer minor maintenance in-house, with the markup fee applying to expenses over $300.Do these terms seem reasonable to you?

Is this issue that there is not enough room in your deals to pay the property management fees and still turn a profit?

Many of these loans are not full doc and we don't look at personal income or employment status, so those factors don't really matter. 

@Kathy Kifer  my deciding factor would be what the one month booking is for, will it likely extend, and are you seeing any activity in your area that just isn't booking your unit.     

You can add the per booking charge as a resort fee to each booking, then the guest is paying for the coverage not you.

Could you have predicted a rise that we have had, most likely not - but interest rate risk is one of the greatest factors in MF investing.

Unless there is something majorly wrong, I wouldn't looked at this as a major deciding factor.4.