If the agreement doesn't define "income" from the guest, I think you have good grounds to discuss this with them to state, "look, the agreement doesn't define this, and it seems reasonable for me to understand that your 18% is not for costs incurred, but only for the income received"--or something to that effect.

Investment Info:Single-family residence buy & hold investment.

TO SERVICE OR NOT TO SERVICEWhether to use a servicing company or not comes down to you and it’s good to ask yourself these questions:Do I want to be the person managing my loan-handling the workouts which can include making calls, monthly statements, collection letters, etc.?

Tell the suits good call! 

Hello, I hope everyone is doing good!

They are not good about answering emails or phone calls. 

While it looks all good, I would be curious to see if an attorney would view this as mortgage fraud.On a sidenote: I will get up on my hill and say we see so many instances where someone cannot afford a property but think by the graces of their believer they can save it.

In my short-term rentals we of course cover utilities for our residents. 

They are a good way to get started.

Good insurance will cover most risks.