Was thinking of taking about half of the deposits we currently have and doing some short term (12-24 month) CD's as a revenue stream.

Our experience is with LTRs so we are a little hesitant to do a STR given the uncertainty of the monthly revenue.  

It normally takes 4-6 weeks for a W-7 to be processed by the IRS.Here is a link to the IRS website, listing Certified Acceptance Agents by Country:IRS Certified Acceptance AgentsUpon receiving an ITIN number from the IRS, a copy of the IRS letter showing the new Individual Taxpayer Identification Number (ITIN) must be sent to LPM.Note: LPM will not manage rental property for foreign owners who refuse to acquire an ITIN number.Form W-8ECIThe Internal Revenue Service (IRS) requires property managers to withhold 30% of gross rents to ensure foreigner investors will file a tax return at year end.

I would not consider STR if you are not in the zone.The rent by the room probably yields you the highest revenue and lowest vacancy.Their fees sound way too low to me. 

Finding the balance between revenue and guest value is key.

Have you had more expenses than revenue?

Just curious for those of you who moved to a no state income tax area, like Nevada or Washington, is the government making up for the lack of revenue in another way? 

I am hoping for a very good prime season to recover some of decreased revenue.   

If you are looking for interest revenue and your due diligence is solid, these transactions can be very profitable.

That all revenue generated would have to stay in the company and couldn’t be used for personal things.I’m trying to find a way to use my God given talents and the only one I seem to have is in Real Estate hahaha.