Areas with good rental demand or up-and-coming properties could give you more predictable returns.Do you already have a type of property in mind—like single-family homes, or are you considering duplexes, condos, or other types of flips?

I guess so, unless the host digs their heels in and demands that Airbnb do the right thing.  

New landlord question- if I have an individual who wants to rent my place for their parent - who do I have fill out the application?  

It depends on where you want to live, income, personality, and other factors.You could buy a large home and rent out the individual rooms to cover expenses, but this comes with problems.

We have done it both ways where we fund purchase and they cover rehab but if the individual is less experienced we do not do it that way, we have them put more money into the deal from the start and fund the draws, reason why is we also had a deal where the person said they would do this and never did anything and property sat and loan matured and it was a pain.Just recognize you will still not get 100% financing for the purchase, so you are putting money in up front. 

These are prime locations, think near downtown or popular tourist destinations where demand for short-term rentals is typically high.

@Bob Asad I like the individual sub account method escrow account, but there are multiple different ways to hold security deposits and multiple laws in different states.

Pilot a unit or two with this renovation spec and see how much demand you get from QUALIFIED applicants.  

Thank you, Do you think families treat the property better than individuals?

Now, over a year and a half later, he sent a certified letter last week demanding the security deposit or legal action within 30 days.Please advise.