If we go back to managing STR's that we will just use the individual sites to manage the bookings.

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

LLC's are more used by larger investors and people who do not qualify under their personal names and have to ue business purpose loans and they require the property be in an LLC and not an individual.

Customizable funds like those provided by Avestor combine the best features of traditional blind funds and individual syndications, providing individuals the ability to pick and choose individuals deals and still get the benefits of the fund like a single K-1.

Someone is always paying the tax man - it’s either individuals or corporations.

Any answers to these questions and any suggestions about how you would set up your business in this scenario to maximize the offset to your regular individual income from another source would be appreciated.

I know the answer.Because I , Lucas and many other individuals can out perform any PM.No one has a bigger incentive than to do the best that can be done than a motivated owner.Does you PM answer inquiries at 10PM?

They can provide you with real-time data, not an algorithm (those are good to paint a picture, but they don't know the nuances and amenities of each individual home).

On an individual house basis it can be tricky the key is scaling so as the post above states one tenant can wipe years of profits.  

People from different areas of expertise to help guide you and give you their individual insight.