Also, make sure you have adequate insurance to cover potential risk.

Natural and Man Made?

If it is pretty far back in the woods, the numbers will be lower naturally so the overall build can be more modest.For example, there is a place with a peekaboo water view with a max of $258 per night. 4 bed, 3.5 bath, all 5 stars and it is pretty modest with laminate countertops and such.

Depending on the nature of your trust sell as the trust and buy as the trust and then quit claim into an LLC. 

In other climates (like Hawaii) I see a lot of STRs put them only in the bedrooms and leave the main living spaces naturally conditioned.

It should be as assumed and second nature as paying for food. 

If the property cash flows adequately enough, however, it shouldn't have a negative impact on your DTI ratio. 

But as time goes on, the “cash flow” allocation will change naturally by itself and I wouldn’t try to control it.

I have just never heard of a situation of this nature.

above the current rent because of the short term nature of the lease.