Enduring this arrangement for just a year or two can position you favorably to replicate the process and gradually build a substantial portfolio of properties just from the HH method alone.

However, the method of handling the 1099 income on the tax return may vary depending on the circumstances and interpretation of tax laws.The approach your CPA has taken, where each property is reported separately on Schedule E and then adjusted on a statement for property 3 to match the total 1099 income, could be viewed as a cautious approach to ensure compliance with IRS reporting requirements.

Or is there some other method that works better.

These “mentors” suggest methods that are DANGEROUS in the hands of the inexperienced, unknowledgeable, and under capitalized.  

Using a phone or table for everything is not always the most efficient method. 

Either you use a mileage allowance of 67 cents per mile or you use a more complex method called actual expenses.

Context: My spouse is a real estate professional by materially participating in the management of multiple Single family Residential.She spends more than 750hr and keep a methodical record oh the activities.

They may not be able sell their home using traditional on market methods, or even afford to pay off their loan.

Once you nail down how to play in the same market then you can get creative to find new marketing methods that are unique (or even guerrilla tactics).Start by asking people in your network that you think would likely fit your target audience what they do when they're looking to book a multi-family vacation home.Qualitative research then turns to quantitative, so gather ideas from your wealthy friends then do some try them out and be sure to ask any leads/guests "how did you hear about us?"

They even have different methods and timelines for cutting our paychecks.I know there is one brokerage (won't say which franchise to protect the innocent) which apparently throws really "great" holiday office parties (at least pre-COVID).