These places are gold mines!

If the building does not have direct access into each unit is there a remote access system for tenants to allow guests in?

It may be possible that your accountant is confusing it with real estate professional status

You may be looking at single-family homes and miss out on a multi-unit property that does not cost anymore investment cash than the single-family and you will miss out on a gold mine that can make youfilthy rich.99% of all investors, including the gurus, do not know how to analyze investment properties the right way.

Without knowing how many bedrooms & bathrooms, who your target guest is and what your strategy is (rent-by-room, entire place, etc) it's impossible to answer.

You have noise violations in the lease and hopefully you had something about guests as well. 

However, if you plan to do cost segregation because of your REPS status, the deprecation recaptures from bonus dep cannot be deferred with 1031.

.- Target Guest Persona: Developed based on guest traffic and behaviors, two most common guest types that travel to this market and what their likes and dislikes are.- Guest Feedback Analysis: Derived from guest reviews to pinpoint strengths and areas for improvement.- Amenities Overview: Shares % of most sought after amenities in each market- Design Trends: Trends observed in top-performing properties.- Top Property Links: Direct links to benchmark against leading properties in each marketLooking forward to your thoughts and suggestions! 

It was a balancing act on my end, I had to buy furnishings that were tough enough to keep up with the abuse of my guests, but affordable enough to not break the bank.I have put together a list of items for when I purchase a new STR, and would be glad to send it your way if you want to PM me.

Create columns for Name, Street Address, City, State, Zip and then contact info: Last Contact, Relationship, Status, Email & Phone.IMPORTANT: do NOT ask people for THEIR business, ask for referrals!