They provide free estimates and work with your accountant.

@Edward SegaarBigger Pockets is a great place to find a real estate accountant. 

You also need to account for taxes, insurance, HOA dues and management fees. 

What you can do to offset this profit is to invest in syndications that do cost segregation studies (which will lower your tax you pay).

If there is still money left, I would set it in an account and study here on Bigger Pockets and get and education in stocks, options (i love options), notes and real estate.  

This is really a better question for your accountant first because it depends on what you are trying to offset.

The entire reason I hired a company is they are the experts and I expect them to take full accountability of making sure I am in the know and 100% compliant.

Rufo  Also consider the fact that when you switch from STR to LTR or the other way around, you will need your CPA/tax professional to do the IRS' 3115 change of accounting form to go from 39-year depreciation for STR to 27.5-year depreciation for a LTR.

The more complicated your business structure becomes, the more problems it can actually cause such as when looking for lending options, getting the best interest rate, keeping clean accounting, filing taxes, opening bank accounts, getting credit cards, executing a 1031, making title insurance claims or even triggering a due on sale clause, etc. 

Study up on warrantable vs non-warrantable condos.One idea I think for a fresh grad, is to find a great RV park operator.