In the latter case, I would still use QB to enter info provided by the 3P servicer and to maintain my general ledger for the lending business.

Just an idea that I'm a little surprised more out of town owners haven't done..

Or does my business alone qualify me as a REP and allow me to take non-passive losses with STRs?

I like the idea above about trying to do MTR.

What ideas do you have around retention?

I was conducting an extremely seasonal business and after 8 years of operation the business was insolvent. 

I do think selling, paying off the debt and use the rest to invest would be a good idea.

For us STR hosts, I know we are very conscientious about guest experience and I want to be proactive about doing things to ensure my business operates successfully.Thanks!

Some items might hold more weight than others, but you guys should sort through that together.You also might just do the partnership deal by deal - sometimes jumping into a partnership before you have officially worked together is NOT the best idea...

Like Having a great base of index funds and a fully funded IRA before throwing savings into crypto or the newest AI quantum-powered dog walking business!