They think because they're posting and asking questions, reading books, listening to podcasts, that they're taking action.

Vrbo has free price automation software.I use Excel for book keeping.I don't pay for any third party software, not really needed on 1 or 2 properties.I charge a little extra for cleaning fee than actual cleaning costs.

Even small, consistent amounts add up over time.Learn & NetworkKeep reading REI books, but also join real estate meetups or online groups like here on BiggerPockets.

Read Section 8 books instead.  

Spend $50 and read the to; three books about real estate syndication.

Now with bookings slowing, many of them may be overwhelmed with the negative cashflow.

In terms of Costs associated with an LLC-Roughly like $100 to file with the secretary of state in Ohio if you wanted to do it yourself-Cost for your accountant to prep a tax return at the end of the year for that LLC (depends on your accountant)-Cost of a higher interest rate with a DSCR loan -Maybe more advanced, but if you have more rentals the cost of additional bookkeeping software like having to pay for additional quick books accounts.

I know the podcasts and books speak about being in a deal with zero skin in the game, but that is an outlier situation not the norm. 

Hey Kareem -A solid first step is educating yourself through podcasts, books, and forums like BP.

Thanks for sharing such a thorough guide!