Quote from @Michael Smythe: @Jerry NoguerasRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

During this time I read a Brandon Turner book and became very interested in RE.  

Less bank accounts results in less check books, less debit card numbers, less account numbers that you have to track.best of luck.

However, there isn't a standard form like a NAR lease agreement; it just needs to provide some general information.

I am still reading books and talking to folks with experience to learn as much as I can.

With the use of VRBO, Booking.com and direct bookings can all raise your chances of staying booked and being successful.  

Each upgrade is depreciated separately, and each has a monetary value and depreciation schedule.So to keep it simple, use your books 😉 Accounts/Sub accounts: Address (or property identifier) >> Name of update >> Depreciation account for that upgrade.

Thanks for the advice, I have read some books but not that one.

If you've done a complete renovation—say, updating a 60-year-old building to 2025 standards—their quote could be outstanding.

8%-11% is pretty standard here and as someone mentioned it really just depends on how the company is run.