Ashcroft can offer slimmer returns and still have excess demand for their offerings because of... brand.

In short, if you're not renting every week of July-August and every weekend of the winter, you're taking losses, particularly given the ridiculous prices I'm seeing new investors pay farther north in vacation areas like North Conway or the White Mountains.And looking solely at North Conway's recent court case is a red herring: plenty of small towns around the NH continue to enact knee-jerk reactions and excessive permitting/regulations as a reaction to STRs assumed role raising housing prices and shrinking supply for local residents.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

You should only consider switching when your current software has a significant flaw or lacks features that force you to spend excessive time on workarounds.

You can take advantage of bonus depreciation and accelerated depreciation deductions to offset your passive income.With the 1031, you might have excess basis which is eligible for bonus depreciation. 

We get about $900 in excess.

Any excess amounts in the master are then assets or liabilities or capital of the master which are noted on its books. 

You waive the excess.

When a tenant moves out, transfer the deposit back to Checking so it's ready to apply towards expenses or refund the Tenant.If you end up with excess funds in the Checking account, I recommend you transfer it to a third account designated explicitly for future investments.

Just make sure you set enough aside for capex, vacancies, unexpected insurance increase, taxes, tax professionals, and local considerations (excessive heat?