- Looks like the owners would not use the 3rd year all the time, so I would calculate  some revenue amount for when they are not using it.

I ask because what I see with my Airbnb-investor clients in Colorado is that if you're buying right now -- with today's rates and somewhat dampened STR revenues -- you're only making money if you self-manage.

Revenue (rents) have not caught up to the value of homes OR, what I believe, value of homes have outpaced rents.

We knew we were being conservative with revenues but thought we were being conservative with the expenses.

If city revenues fall, their only option is to cut back on services, which includes police and schools.

If you have a few years of revenue for the EIN, if the books are clean you'll be able to get a mortgage as long as the revenue supports the loan.

This means that your monthly rental revenue should ideally equal at least one percent of the whole cost of the property, which includes the purchase price as well as any necessary modifications.

10% rental revenue?

Texas's only tax revenue source (besides sales tax) is property taxes. 

The investor just takes the additional reserves as an owner distribution.My personal distributions are less than 20 percent of the monthly gross revenue.