I have been in the game for well over a decade and they all have a story.

We are entering the game with our first rental (family member was supposed to move in but passed away, so we already are in possession of this property).

My situation:I'm a Concept artist at a video game company, with a few side gigs that primarily involve art.

Anyone with any experience in the STR game I would love to hear how you started, what you expected and how it actually turned out.

I'd try to take it down yourself otherwise if you can't then you could explain to your pastor how you'd find a buyer for the house and the buyer would pay the fee (be transparent).

I would be as transparent as possible with the seller because your lender is going to require an inspection and appraisal and the seller needs to be aware/okay with what's happening and why.

If you're completely transparent on what you're doing, daisy chain shouldn't be too different from JV.

I mean, I live in Alabama and have seen fist fights between people over a football game, so who knows what happens when strangers live in close quarters. 

Finished basement with extra bath, game room , family room and bar.

That would be double dipping.I think the bigger concern would be the management company's lack of transparency in breaking down the revenue/expenses, and whether that means they are possibly rent shifting (offering lower nightly rates that they rev split with you and shifting the cost into various administrative fees that they keep 100% of).IE instead of$500nt x 4 nights = $2000, they take 16% of $2000 so you get $1680They might be doing something like (and this is typical of PM companies trying to squeeze out an extra buck)...$400nt x 4 nights = $1600+$400 in "administrative fees" = $2000.You get 84% of $1600 = $1344Same rent cost for the customer but now they are only paying you 84% on $1600 instead of $2000, and then pocketing the entire $400 "administrative fee".