Making a decent profit has everything to do with the right market...each and every one is different in guest avatar, ADR, and yearly revenue...the property itself, and the host and how knowledgeable they are on the STR industry right now because that is also an ever-changing landscape!  

There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area.

With that said, my goal with advance booking is to bring-in a decent amount of revenue during the offseason (winter), but don't want to scare anyone away with a large initial deposit, and of course I'd like to discourage cancellations.  

This could lead to significant tax savings, especially if you're actively involved in the management and operations of your properties.Additionally, starting a property management company would allow you to deduct a wide range of business expenses related to managing your properties, such as office supplies, travel, marketing, and payroll (if you hire help).

Additionally, depreciation on the building (not the land) is a significant deduction, and if you manage the property from home, you may qualify for the home office deduction.

The office administrator did the initial due diligence, the corporate counsel reviewed the lease, the accounts payable coordinator setup the accounts and sent the security deposit, one of the VPs signed the lease, and only after all of that occurred did I get the name and contact information of the tenant.- Now I am in their system as a Vendor/Subcontractor.

By forming a property management company, you could deduct business expenses like office supplies, software, and possibly a home office, which you wouldn’t otherwise be able to claim.

A PM company in California is required to have a broker officer, so either your dad can take on that role and put you in charge of the operations, or you can obtain your broker's license first.

Even with the new retal income lenders are denying the heloc due to the tax balance despite providing copies of the agreement and letter from the department of revenue which says I am current on the agreement.

Currently, I'm diving into wholesaling as a way to generate revenue and build up the capital needed to take on my first fix-and-flip project.