Obviously you need to take into account tenant landlord laws, if you are investing in Middle America it seems to me that there are many opportunities for double digit cash on cash returns.

John, I use a collection agency for my management company but I do not believe they deal with one off accounts.

If you perform a 1031 exchange, you may avoid immediate recapture taxes, but long-term holding strategies must account for eventual recapture.4.

I'd like to properly account for this in my cost for acquisition and ownership for roi use cases.  

Account Closed Wow!

That said, I do have significant personal assets I don't want to put at risk so I have one LLC for my two rental properties and keep all accounting separate.  

Separate bank account, QuickBooks and or DBA 

Make sure in your diligence that you account for any upcoming maintenance and make sure that there is enough cashflow to cover the payment on your current equity.  

Any experienced Lodgify users out there who can explain how the heck I can set up a new team member's account to allow them to monitor my guest inbox and reply to guests? 

It's the same thing from a dollar perspective as it's just the accounting classification of funds, but since they applied the security deposit to the rent they also took part of the security deposit as late fees for themselves which just feels wrong since they didn't actually get the rent, but just applied the security deposit.