Make sure to inspect all the major systems thoroughly (HVAC, plumbing, foundations, roof, electrical) and make sure you know what they look like today.

We also manage 2 other companies together that require accounting systems. 

More unique to Airbnb3.

From the liability/asset protection side always use licensed and insured vendors, build out a robust contract management system, make sure the owner is always listed as additional insured.

You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.

It’s just  that I have no accounting experience and I created my own spreadsheets when I started this (I created and know my own system, not this one).

Was it this: Master Private Money Brokers | The Lee Arnold System | Partner & ProfitIf so, it is my understanding that gets you nothing but a certificate through his course and is a marketing piece. 

@Larry Nielsen with the proper screening system, whether S8 or cash-paying tenants - doesn't matter:)

She is robbing the system.

Be sure that you have a differentiator that makes you unique against other homes in the market.