What I have are the rents of the 3 tenant occupied units, the owner supplied projected rents for the other two units and a hokey formula on parsing out utilities for the units that are not separately metered. 

@Diogo Candido Wow very cool you are doing the same type of project i am looking to go into!

Now we are considering creating a Holding LLC that will be managed and owned by both of us.

I have no idea about Long Beach - but I have plenty of clients buying in Tampa with similar rates who are turning profits even with management.

Build a strong team with experienced lenders, real estate agents, and property managers, and educate yourself through books and podcasts.

My guess is there are some STR owners or managers genuinely unaware their current pricing exceeds the price gouging thresholds until it is brought to their attention.]Will PriceLabs and other dynamic pricing tools- respond quickly and appropriately to these issues?

Technically as the manager of the LLC you can open an accout with any financial institution though they don’t all cooperate when it’s an IRA owned LLC. 

Anyone out there on W2 , owning a STR that is taking the benefit of its managment qualifying you to take real estate losses against your W2?

Bossier partner managed property and repairs while we managed business structure and banking account setup.

Others recommend tools like Stessa or Buildium to track actual costs and project future expenses.