TD BankTower FCU, all states except TX,  Automated appraisal.TrustcoUnion BankUS BankFigure

That being said, there are lot's of ways you can automate portions of your underwriting process and flag properties that are worth more in-depth analysis.

You want to have an attorney draft the partnership documents and security instruments.

VA Highlands is a great area for Airbnb, so this table is assuming your rental is in good shape and is furnished nicely.There are many services out there that manage short-term rentals for 15% and can go even lower to around 8-10% in the case of online based-services (these help you automate the short-term rental mgmt to make your life much easier if you were to do it yourself).Hope this helps.Thanks,Nick

Does it feel authentic or automated?

Operational expenses (utilities, pest, lawn care, wifi, future maintenance, repairs, HOA, automation tools etc): $1,145Total expenses Monthly: $3,741Monthly Cash flow: Revenue - Expenses: $10,450 - 3,741 = $6,709Annual Cash Flow: $6,709 x 12 months = $80,508I mentioned in my post $75k so I could account for Airbnb service fees (around 3% for hosts) and other unforeseen costs to be conservative.. 

You can also automate a majority of the work through software like IGMS.

But for now, since you can't get rid of the tenant and he is technically abiding by the terms of the lease, look to automate your process.

Should I get setup with the bill / electronic payment system in QuickBooks to somewhat automate rent collection or do you like another service better?

Hi Don - This can definitely be done with some customizations to Podio using the Globiflow automation tool.