@Rebecca GonaBigger Pockets is a great place to find a tax accountant that specializes in short-term rentals. 

Politely and clearly, make it extra clear that all information will be verified including income prior to the signing of any lease.  

It’s definitely smart to evaluate the tax and cost implications of your funding options.

Be sure to hold a hefty reserve to handle on-going maintenance, capex, taxes, and insurance.

Here’s the situation:Purchase Price: $540,000Down Payment: 20%Mortgage Rate: 7.125% (30-year fixed)Monthly Expenses (Mortgage, HOA, Taxes, Insurance): $3,706Realistic Max Rent: $3,000As you can see, I’m currently short $706/month even with max rent.

Quote from @Zara Massoud: Your new PM is correct and the old ones were wrong.The property manager must have your social security or tax ID number on file.

I used to live in the city and the taxes and water bills are nightmares.

Taxes 10k HOA is 9k The current owner never did short-term rentals.

New tenant must go through complete vetting, sign the lease, pay security deposit and rent, and move in, prior to the referring tenant getting their $100.

That’s something I’m still fine-tuning as I explore new areas.As for scaling up, my focus right now is on leveraging tax-efficient strategies and building a system of limited liability companies (LLCs) to keep risk compartmentalized.