You get built in property management which makes dealing with repairs easier. 

So the return appears to rely on appreciation and equity pay down, but the sale price on this cabin is below building costs.

There is a potential scenario where an outside rescue fund (marketed as preferred equity to new investors) could come into play in many of the projects that appear to be performing especially if they have been paying the pref (via a reserve account stockpiled by over raising funds in the beginning).

Let’s just say a contractor taking you to court is easier said than done.

Mark Vorkapich of Gladstone Strategieshttps://www.gladstonestrategies.com/I do agree with the above on checking with your current CPA to see if they have a preferred provider - sometimes it is easier and with better results if your team already has a good relationship. 

Plus the bar tends to be much lower, so it is much easier to stand out.

As for AirBnb itself - they are far easier to work with and get the hang up than VRBO. 

So if a 100% cash transaction doesn't make sense just have the partner who is easier to underwrite get the conventional loan.   

I have clients that have these kinds of arrangements, and while it is easier when an org fills your units, you can lose control of maintenance and cleanliness.

In high season, people generally stay for longer periods of time and things are humming a bit easier.