@Jaime Felber If you're in a good location with a lot of demand and not a lot of supply, it's easier than if you're not in an area with so much demand.

Either you find a partner who will supply money and do all the leg work or save money up.

It’s going to turn into supply and demand.

For us it varies by market but in our primary market 15% plus a small monthly fee to help cover software costs etc if it's a lower gross property.That's full service, host doesn't have to worry about anything and can forget the property even exists if they want to.We do have tiered services where it's 10% (w/ no or lower monthly fee) if the owner wants us to only do one side of it (either manage bookings but not guests/cleanings/maintenance, or vice versa).25-30% used to be more normal but that's legacy pricing now, for a couple of reasons.1) Of course margins are much thinner for owners now that revenue has generally come down across the board from the peak, while home prices and interest rates have risen alongside that.2) Probably even more important, a simple supply/demand equation, particular to the case of increased supply. 

 - Virtually all travel in the area requires boating, which makes even the simplest supply runs complicated - and expensive.  

They may/will not even look at the refi of a cash property unless you supply the HUD from the purchase which you do not have cause you haven't closed the loan.I think if you pursue this you are heading toward headache land and you may possibly screw yourself. 

Does tenant A dictate what is on TV in the living room since it is their TV?

In which they dont even ask for SSN (I had to edit the application to supply that)?

There's still limited inventory (~1 month supply) and limited new permits.

You need to make sure it's furnished and has all the amenities needed for extended- stays (fully stocked kitchen, washer/dryer, TV, etc.)