Hi Eric,Great question—estimating operating expenses can definitely be tricky, especially for items like maintenance, CapEx, and make-ready costs that vary widely between properties.

Anyone speaking in "sure-thing / simple" terms, I call BS. 

They’re typically stable, cash flowing businesses that are straightforward and simple to understand.

Common tasks include guiding (for example, blind, severe physical disability), alerting (severe diabetes, seizures), retrieving/operating (pushing buttons, switches, etc).

And many hotels don't have 24 hour desks or 24 hour service.I don't get why all these newer regulations expect STRs to operate to standards that aren't even required of hotels with full-time staffs. 

With running this "business" there will be operational input costs.

Brown: I use https://www.bestwyomingregisteredagent.com/Very simple, 100% online, they are responsive if you need help.

Utilize tools like BiggerPockets for resources and calculators, and consider creating a simple spreadsheet to track property details, budgets, and timelines.

BP has a book on Partnerships written by Ashley Kehr and Tony Robinson.On the technical side I would suggest partnering on a single flip which can be done with a simple JV agreement before jumping into creating an entity and crafting very good operating agreements.

At its most simple we’re separating the appreciation/capital buildup benefit from the cash flow benefit.