3-5% of total project cost including land is standard for a smaller project like this.Hard to advise on deal structure without knowing who found and is leading the deal,  capital contributions, partners roles and goals etc. but generally pari passu is best with active members being compensated for time, travel and overhead. 

I was renting 4 rooms on Airbnb mostly by the month to students / travel nurses / flight attendants.

Outside of that, you could look at the local hotels and call and ask what their vacancy is, and get a rough idea of the travel in the area... 

That's what happened in Traveler's Rest with the Swamp Rabbit Trail as the lifestyle draw.

While it's not ideal to be a landlord who travels a lot, it's nothing good systems can't manage.

Like Everyone I am just hoping that this vaccine that is on its way gets here and we can start to build back. we need:Airlines to be healthyTravel industry to be healthy so folks can travel and take vacations.Restaurant business and all those that support them.. from farmers to vintners pots and pans and of course the staff.So as it relates to real estate available credit and super low rates have kept it from crashing on the SFR side and as long as that remains I personally dont see some huge event like 08 to 2011 in the SFR space..

I am a travel physical therapist and I would like to long-distance-invest in the Kansas City, MO area for my first investment property.

I do not get much time off from work and am unwilling to give up what little vacation time I get with my family to travel for investing. 

30 days sound more like traveling nurses or the like, not a vacation rental. 

Your profile mentions that you like to travel - It would be interesting to see if some of that travel can be considered a deduction if you acquire properties in areas that you like to travel to.Good luck in your search for a CPA.