@Jason Vermeulen you’re running a business and need to set expectations- not just for this tenant but for all tenants at your property.

@Andrew Bonavita I think the most important part of this business is to take the time to learn your market.

Investing is a business and the business environment has changed from interest rates to contractors to tenants.

Who you do business with matters more than any other factor when you are a passive investor.

Also after you are established, conferences are totally worth it because it screens out all the investors that aren't serious about doing business. 

Yes, investors do pay themselves for the work they are doing (separating their construction businesses from their investment businesses)2.

I will pay him off using another business credit line I have..key was that I  want to show that my down payment is not  borrowed money hence this plan

I think 'high IRR' is subjective but also linked to the business plan.

Make sure you set aside a monthly budget for maintenance and have the proper insurance in place for maximum protection.I would suggest starting with a single family unit before multi-family as you get used to the business. 

While I've done some research on the topic, I feel that hearing from those with firsthand experience could provide invaluable insights.From what I gather, co-hosting involves assisting Airbnb hosts with various tasks, ranging from guest communication and check-ins to cleaning and maintenance.