There are a ton of "Best Place To Invest" reports. 

- How often do you provide financial reports to owners?

I use it for all my property accounting/ reporting, and to collect rent and owed payments.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Tax reported as 12/31, if you need to find out the current month basis you need to see your Balance Sheet.Tax return e.o.y shows on Schedule L

Hey @Laura Sawicki, I second @John Underwood's comment about getting the actual Schedule E from the owners to validate all revenue that was reported to the IRS.No way I would rely on just a report they provided.

You can reach out to them on Airbnb/VRBO, a lot of cleaners do that to us by sending messages on their platforms, however if they report you they make kick you off. 

You'll get taxed on the $200k, if you just buy the property for $300k you aren't reporting an absolute ton of income. 

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.