Then either flat rate for travel/lodging or pass through?

Also, most of the stuff available for rent is really crappy - you don't need to rent the most luxurious places, but rent something clean and in decent condition, and you should get great rents.

The area standard is $1+ homes and we are looking for a luxury new construction home builder looking for a good project in the area.

No on-site staff, everything contactless and automated = super low operating expenses. 7-key (Basecamp151) - website launched but waiting on photography to come back so we can update the photos:  https://www.basecamp151.com/22-key (Grey Pine Lodge) - website not yet launched but here's the FB page where we've been posting updates:  https://www.facebook.com/greyp...

Either Europe finds a solution to backstop and firewall this Euro zone debt contagion once and for all or else we are surely headed for Deflationary Depression ASAP.Unlike Europe, we have the luxury or the curse to print our own $ at will.

I also use Kinecto ("luxury" vinyl tile) that was 60 cents cheaper on other properties.

I need this for my for my CPA to prepare the schedule E.Now, I have the luxury of doing this because early on I cash flowed over $30K a year, for several years, had no vacancies, and outstanding mortgages are simply a matter of bookkeeping.

He did and got an immediate tenant (I also told him to advertise as 'Luxury townhouse', which I think made a difference. 

I currently own 4 rental properties, and i'm trying to take it full time between creating value through getting "deals" and creating HELOCs for investment capital. rental income, vacation rentals (currently looking at Atlantic City/Brigantine are), foreclosures (though i don't really know much) timeshare/fractional ownership through owner (me) financing and luxury condo property management.

Plus, demand is diminishing quickly as we head into recession ...so, that could be a perfect storm to put a lot of STRs out of business. ...Also, air bnb recently changed their platform to focus on top-tier, highly unique properties (think: luxury beach front tree house)--as a result, a lot of the more "typical" units are getting pushed down in priority on the platform, and are having problems with vacancy.  ...so, these are issues you'll definitely want to read up on carefully (if you haven't already); there have already been a number of podcast episodes / blog posts / articles on this topic for you to check out...at the end of the day, you'll want your financial models to include some really serious "worst case scenarios" (e.g.; extended vacancy) to stress test your model before you do the deal...If you do the deal, you'll definitely want a thorough contract that outlines all the responsibilities, authorities, obligations, etc. of both parties, and which outlines processes for as many eventualities as possible (for instance, her/your rights to remodel parts of the property, her/your decision making authorities if one party decides they want to use the property differently than originally planned, or if one of you decides you want out of the property, her/your responsibilities for repair costs, processes for dealing with unexpectedly high vacancy, etc., etc., etc.)   ...I'd suggest listing out as many of these issues as possible, coming to an agreement on them, then drafting a contract and sending your contract to a contract attorney for review before you sign...If you do this deal, definitely keep us updated on how it goes--it sounds like an interesting one!