@Tar-U-Way BrightYou can use the LLC to set up business bank accounts and business credit cards.

Hi, Jaycee The deal makes sense for me after accounting for all expenses including vacancy, cap ex, and repairs.

Las Vegas's average annual population increases by 40,000 to 50,000 per year.

I’d recommend building relationships with agents and accountants familiar with these markets too—state-specific tax strategies could make a big difference in your bottom line.I’m excited to see how this plays out for you!

I know if I were to send an operating agreement to a lender that reads "LP member will receive return of their capital and 20% annualized return" they would not approve the loan.

Ultimately, consulting with a real estate focused accountant is the move here, but this should be a helpful primer.

If I scale to a point where I no longer have time and have to outsource, that line item is already accounted for and the property will still be profitable.  

There's a 2nd account with 5 payments total and 3 of those were late.

I think some hosts would account for the cost of purchasing good quality bottled water as well, which is why the Brita water pitcher is popular. 

Your bank account will thank you!"