I only mention this because essentially an applicant could have a decent score and not be able to afford your place.

I can quit my job after the turnaround, but if I quit before the turn I will be cashflow negative.

I only say this to show that we are about to both enter into stable incomes that can be trusted.

From your experience, Any downsides or negatives you found with air bnb that could help out a newbie?

The numbers look good, but I noticed that the initial equity is negative.

I don't spend much time on the forum any more....when I stopped it had become a big "bash VRBO" frenzy and I got tired of people using Homeaway's (VRBO's) forum to bash the company that created it.Not to mention that I was one of the people involved with the creation of that forum and hated to see it deteriorate from a place where people could come together to share ideas, help each other and communicate directly with the staff at HA/VRBO to the negative space it had become.But, their tools are still helpful!

You are negative cash flow $600 per month and now you're considering sinking another 150K into the property to make it cash flow positive?

I only have one duplex and tenants pay electrical there but there is only one water meter (which I think is common on duplexes) so its easier for me to just pay that and I budget that into my expenses when setting rents. 

I only think this is a good idea, because it sounds like you were leaving the unit vacant anyway.

The amount of money invested in this property is actually a negative number due to the fact that I did the work myself on the kitchen fire.