@Angelo CortezMost STRs report income and expenses on an IRS Schedule E (not Schedule C) unless your STR is offering "substantial services"-> for example, concierge services or a butler to guests. 

for example if I have a property rented for $2000 a month and I charge 1 month rent as a turnover commission and 10% of each monthly rentals as a management fee I would send my owner a 1099 for the full $24,000 and they would just line items the turnover commission and monthly management fee as an expense on their schedule E , correct? 

I don't know how deep you've gone into those markets but I'd highly recommend adding Detroit to your list as well.

Euclid off of Euclid Avenue, houses in the E 190s, and the condos in the E 270s are areas that might give you some trouble (though nothing nearly as bad as what you would get in most of East Cleveland).

Not so much by choice, but because of their situation cash offers didn't work and sub2 did.To the preforeclosure point, the best thing to do here is to buy a list a do a direct mail campaign to them.

I think that was Albert E that made that quote.

All new LPs should at least run some of the ugly scenario numbers, based on the legalese in the OA/PPM etc. and see if the docs are really as risk aligned as they should be and/or are claimed to be.Most PPMs list a fee as a percentage and not with the dollar amount.

Account Closed  Actually, QBO Plus can track, prepare and e-file 1099, set up budget, however, it does not track mileage which I don't see it as big deal since you need this only once a year and apps are available too.

Commission is going to be 80/20, 18000 cap, and $22 a transaction for the e/o.

I know many will say I am crazy about E Clev. but those are people that really have no clue.All the best