If you intend to expand to multiple property ownership, or if you do or intend to have other assets you wouldn’t want to jeopardize by real property ownership liability; then spending $350 - $550 to set up an LLC, and $125 for tax software to fie taxes, and 3 minutes to go online once a year to file a one half page information report, seems like a small price to pay for the protection, peace of mind, possible retirement plan benefits provided.   

Then you've got the license fee ($200ish), joining a local Realtor association (~$150) and national realtor association if required by your local board (another $150), the local MLS access fees ($300), e-contract software ($80/mo), E&O insurance (maybe $100/mo).

Does anyone have any recs for a management software for STR’s?

Buy or inherit and hold all their lives while working the properties for income.I've seen teachers, firemen, software engineers and all sorts of people utilize both strategies successfully.

Just need to look at data in PM software and could find out.

It is very easy to get lost in the feature soup of software.

Or use a screening software like showmojo, and allow tenants to do self serve showings.

But that comes at a $7k cost for their database and software, if you are hands on.

Technological Integration: Property management software and resident portals are becoming increasingly common, streamlining operations and enhancing communication between residents and owners.6.

That letter will be placed in the file in case the file gets pulled for a QC or a Pre or Post Audit to detect mortgage fraud.