It's based on the purchase price and will not include any improvements, reno, or increase in value since the purchase.

Do you have someone that manages it all including bookings and customer service or just specific parts like cleaning only? 

And those also only have a limited ability at best to generate a balance sheet, which you generally want to include on a 1065 return.came here looking for answers to exactly this question, and David is correct re: why.

Lot rent is $365 and includes water.

This includes endless content on how to better create content.

In the spring you can list it for market rate and have better marketing/screening strategies in place.HOW TO SCREEN APPLICANTSI recommend you include some of your key qualification criteria in the advertisement.

Quote from @Collin Hays: I don't manage short-term any more, but can't you include this in a written rental agreement that the guest signs at the time of booking?

I need advice for creating the lease to include guidelines and wording on sharing responsibilities in the common areas. 

Apply the 70% rule to determine your maximum allowable offer, then negotiate and get the property under contract, ensuring your agreement includes inspection and financing contingencies.Arrange professional inspections to uncover any unforeseen issues, using these findings to negotiate concessions or confirm your repair budget.

Again, not unless its actually that your gross income (including cleaning fees) is 100k a year and your gross rents are actually only 75k.