That means plenty of linens, a full complement for the kitchen, pillows, mattresses, knick-knacks, art etc etc etc.

LOL  I agree but with more flowers or a water feature, I saw a lovely painted one turned into a fountain once I found clever. 

I keep a spare key to each unit in the same place with all the linens and cleaning supplies, so my cleaners will just go run back and grab the spare when that happens.

You'll go through a lot of toilet paper.5) You'll also need a laundry budget, to wash linens, towels, bedsheets, etc. 

We have formed our LLC named Coral Property Management, her name is Valarie (Cor for Cory and Al for Val) kinda clever I thought, she gets the credit. 

I love your business name... very clever ;)

Using my STR to LTR converter (credit card fee, self-employment tax, software, OTA fee, paying heat/power and wifi, higher insurance cost, linens, coffee setups, much worse if PM, etc etc) which I say is 25-30% minimum.

Now if you're clever at math you see those numbers only equal 37-40%, but I include a "Go to #ell" budget of 10%, which is what I fall back on when everything blows up at once and/or just nickles and dimes me to death.I know there are many folks who swear they can make money on SFHs/duplexes with 1% of "all in" cost to rent ratios and 25% expenses budget. 

What a clever hiding place she had. 

I always thought to give a share of the income was the way to go but giving equity is a clever idea too, especially on a first MF deal.