Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.

One thing I would mention though - doing STR just to save taxes often leaves you operationally unstable or too detached from the management to be successful.

I mention to them that I would be interested in their house if they ever think of selling it.

One mistake could extend the tenant's stay for months without any income, not to mention the stress it could cause.

*Please note: As Dave mentioned, not all REITs allow for ongoing depreciation, but some do.

Since you mentioned that there is no sewer or water, they can inform you on septic performance.

Each renter profile comes with its own booking patterns and renewal needs, as you mentioned... but we find that a 30day rental period with option to renew and automated reminders to the renter works great!

The tax return you have should have a 'carry-over' schedule providing details as to what is carried forward to the next year, whether it be an NOL or a capital loss carryforward.As Michael mentioned above, there is no carrybacks at the moment.

Just in case anyone is wondering I am pursuing the REO referral program I had mentioned.

Quote from @Jake Hughes: Called my CPA and they mentioned that aside from tax write offs we can do a cost segregation study on one of my properties.