@Geoff Regan I live in Nashville and have multiple properties.

This works because, for short-term rentals, the IRS rules allow income to be treated as non-passive if certain conditions are met, such as offering substantial services and meeting material participation tests.

Having this belief, at the MTR summit there were multiple people claiming to be crushing it via arbitrage but not one of them claimed it was very passiveSeller financing can present an opportunity but what often happens, espicially if on the MLS, is the property sells at near retail taking into account the financing.  

But if you use multiple emails as I do for my businesses each Gmail account will have its own google docs space, I found it hard to manage all under one roof.

Yes, Agency minimum is $1M, but we have multiple other sources. 

Maybe Vrbo is doing more a/b testing.

I believe your numbers and your forecast which a lot of the rosy numbers posted do not pass the sniff test on being achievable.  

For anyone else searching this topic, some helpful updated info: I was turned down by Chase to setup multiple accounts for Series-LLC's, so I did some research and moved on.

If you go into multiple units eventually it may be the easy button to do that.We use Bizcor which specializes in STR sites, but it may be overkill again as I think they cater to PM's.

These portfolio lenders might offer better terms for cash-out refi, especially if you plan to refinance multiple properties.6.