Look at the deal from all angles, figure out your CAPEX (dependent on age of components in/on houses), Vacancy (local averages), Repairs (PM can estimate), Management Fees (PM can supply info). 

What type of partnership should we form so that our interests are aligned and different roles and amount of responsibility is recognized? 

I'm expecting to hover close to the $200/night range next year now that we have set rules within the Airbnb platform to tweak our rates / length of stay mins to better align to peak seasons.  

With this strategy in mind I began to watch the BP webinars on this topic as well as you tube videos for different perspectives and took the time to understand all I could about each component of this strategy. 3.

Since you're doing electrical and hanging drywall, there are limited serious noise components of the work. 

I'm also fearful that maybe I missed a key component as far as a bill that should be paid monthly that could affect my numbers.

The contract is the most important component as well as understanding, if all goes wrong then that is what you have for protection.Fees to ask: monthly, late fees split, maintenance mark-ups, will they share vendors invoices, tenant placement, notices for late or evictions, evictions, court appearances.

Find several deals and structure a VALUE-ADD components to get to the desired 12-15% ROI.

Compared to a single-family, it’s fewer components to break.  

These are two different components of the rent growth. $200 is the initial "below the market" bump that should be achieved on lease renewals or new leases after rehab in the first year.