You will have to verify those yourselves to ensure you end up with correct operating expenses.Quote from @Andrew Newcomb: Just following up on this in case anyone is still following:I learned about "cap rate" and "cash on cash" metrics in the BP learning articles and watched a couple vids on the BP rental calculator showing how it calcs those metrics for a prop (you have to add the details like loan info, expenses, etc). very cool tool.

However, I do think these agencies should operate as hybrid consultants and be able to provide guidance to their clients.

At the time we received an offer from a reputable short term drug and alcohol rehab facility who operates out of SFHs in LA to rent the entire property at above market rates.

There is a certain shared happiness in the success of an investment and watching it grow, if done the right way.I have met someone recently who operates a private charity and gives back to the poor and downtrodden.

Regardless, guy did a great job so not going to complain about order of operations, but I am in a bit of pickle. 

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

If it's currently an STR they should be able to provide you with the p/l statement from prior years so you can see gross rents, operating expenses, average daily rates and occupancy levels.

I will say that even though you get the boost from VRBO and AirBNB, the first year of operation is usually lean as you build up the rep.Offering a discount on the stay is a way to be more attractive but don't go crazy.

Beyond that, will you operate as a partnership?

This will create your new basis.From an operational perspective, you might want to touch up a few things on the place to make it more rentable.