We have over 10,000 nightly stays per year so its hundreds of guests at any given time and yes we have PMS and automation systems in place as well as a VA but even with all that being a host is tough.

An Excel file or other detailed record-keeping system would okay, as long as it accurately tracks your hours spent on real estate activities.

That will have a much larger impact on your outcome versus the debt product. 

Now my main issue is I need a fire detection system in a enclosed back porch that leads up to all three floors, but I don't know what's the minimum I would need to be compliant or that the fire marshall is suggesting what he wants or recommends.

@Tammy Elias tenants are always looking to scam the system:(You'll need to start the eviction process and let the judge tell her she's wrong.

So my designs are focused on driving revenue versus just looking pretty.

I use this type of system in a ten unit that I own because the cost to submeter each one was cost prohibitive I usually don’t include other items like wifi/internet unless it’s a furnished/short term rental. 

In US tax law, the depreciable lifespan of an asset is defined by its MACRS classification which stands for “Modified Accelerated Cost Recovery System.”Under MACRS, depreciable assets are assigned to different classes, with each class having a specific recovery period.

If your personal info changes in the future, you just update it for the one Individual ID versus having to update it in each of your Reporting Companies. 

However, its downfall (and really what makes it so easy) is that it is a single-entry system.