How would this be accounted for for general accounting and taxes?  

Hire a company/person that is solely a QI like @Dave Foster they do it every day and will keep you legal and on track. 

The remaining 50K in my account?

Always good to know of other companies who provide products and services!

Getting a bit overwhelmed with all the required County Level and City Level business licenses, STR permits and Tax accounts (Business Tax, Franchise & Excise Tax, Sales & Use Tax) to register with the state.

For the most part all you do is monitor your bank account.  

For example, they may have an account in collections or a short payment history on a recently opened account. 3.

To put a relatively extreme scenario out there, if you offer 3% more than the next guy in cash (no bank debt) and provided a copy of a brokerage account statement showing the cash was available, I am certain you would get the deal.To echo Joshua's comments: how you are planning on financing the deal is hugely contingent on being awarded deals.  

This fosters a top-down management approach that ensures accountability and efficiency throughout the property.As I've earned from my own experiences, the difference between a good operator and a poor one lies in effective asset management.

They were lacking in accounting which is why we switched, but I heard since they have gotten better accounting features.