Quote from @James McGovern:One of the problems with the new system is no transparency, so will be tough to know if commissions were negotiated?

Get an STR property management system like Hospitable to help automate a lot of things.

Now for the next hiccup, spoke with the health department today, they are saying the entire septic system will need to be replaced because of a change of use.

Not because it has broken but to improve stuff.Either way an older home requires more maintenance than a newer build until those systems that wear out are replaced (like the heating/AC)We are 7+ hours from our lake house and we self manage it just fine and have been for the last 6 years.Regarding the LLC, will you be paying all cash for the property?

When there are more votes than posts, it indicates inherent value on the site.

For Example, my Note Investing notebook has Sub Categories for Consolidated Note Resources, Goals, Note Buying Criteria, Foreclosure Timelines and Costs, State Specific Notes, Systems for The Note Business, Collection Time Tables, Note Conferences, Bankruptcy in Notes.. 

Since you're in Atlanta, you’ll need to file both federal and Georgia state corporate taxes.Deadlines:Federal: Typically due by April 15 (if your fiscal year ends in December).Georgia State: Usually aligns with the federal deadline.Penalties:Federal: Late filing can result in a 5% penalty per month on unpaid taxes, up to 25%.State: Georgia also charges penalties and interest for late filings and payments.Filing Options:Federal: You can file using the IRS e-file system or tax software like TurboTax Business.Georgia State: You can file online at the Georgia Department of Revenue’s website.If you’re pressed for time, file for an extension to avoid penalties!

For a home that old that seems to have major issues and old systems, I’d personally want it close to land value unless I could see it’s been solidly maintained throughout the years, unlikely if it’s been a rental a long time.

This was one of the few times I noticed there was an upper level, but they didn't include the area in the MLS system.

We didn't have the right systems in place, so it was a struggle.