Texas has a lot to offer, and it sounds like you’re on the right track!

This makes tracking and managing funds much easier and keeps everything organized.As for the type of account, it doesn’t necessarily have to be a business account.

I know there is a better way to track this than manual into Batch Leads.

How do I track my material hours on my investment property in order to take depreciated losses against my W2 income.What is the best way to track my hours to make sure I get to 100 hours and more then anyone other person involved in the STR?

While the LP has the most case law and track record compared to the more recent LLC.

thanks - chat soon I have a checklist that helps track that I sent to clients.

Great Addition - on the switch from year to year - arguably the biggest flag in my opinion in Real Estate - "shiny object syndrome" switching from niche to niche repeatedly (especially as a "Guru") - whats tried and true for RE success IMO is people that stick with one strategy and niche (type, market, strategy, etc.) for years, stay focused when its in and out of flavor, and end up with big wealth and track record after years.Definitely flags of the last few years when people go from "STR" to "Multiamily Syndication" to "Boutique Hotels" to "Experiences" and so on... 

If you are going to charge for your time, you should track your hours and then assign a reasonable.

This approach allowed us to move quickly and efficiently, ensuring the project stayed on track.

It also means keeping track of money in and out, talking to a tax expert, and being good to your tenants.Good luck