If you will be changing job types you may be hindered in your ability to acquire a mortgage for 2 years while you establish yourself in your new career field.

Especially w first few deals, the sweat-equity partner may only contribute 30% of value, so 30-70 is the arrangement, especially if it's a short-term JV...I think we hear the 50-50 talk from established investors who have built a long-term relationship w investor-partners.Yes, we could get into the minutiae of tracking the dollar-value the "worker" brings to the table over time, which I guess is the spirit of the "mini-mortgage" approach: Estimate the value of their sourced-deal if wholesaled; set an hourly wage for office-work/time spent renovating; charge a leasing fee for tenant placement and 10% of rent or whatever each month for PM moving forward... 

Like iwill do all the handling from cleaning,  answering to guests, bookings etc and I'll just pay my partner a percentage for letting me leverage her hosting power To run my airbnb business?

And I travelled the country for 10 years w/o and then w/ kids so agreed - well stocked is really nice if it's large parties... for us working travelers I just wanted cleanliness - rather have clean and sparse than hairs/food/trash left behind and it's stocked to the hilt

The realtor and I did business years ago, and we kept in contact over the years, holidays, birthdays etc, so naturally when I mentioned I was in real estate investing, there was years of established rapport and trust. 

Document anything that requires cleaning or repairs that you intend to charge the tenant for.

@Kenneth MoerschelIn order to establish a self-directed 401k, you either need to have a currently profitable active business or at least an active current business plus a 401k from some previous job.

Are you not setting up another landlord for a mess to clean up because you gave the renter a good review?

If they look at it as a personal property, would it be worth it to establish an LLC so lenders will look at it as a business and lend more money based off how much income the property would bring in? 

If the cafe and boutique have been there for a long time and have an established clientele, you could get away with it.