You will have to gather more accurate operating costs (vacancy loss, taxes, utilities, insurance, mgmt fees, maintenance, HOA) to best determine potential future performance.

@Jeff Love Here are the things that many CPAs support their clients with:Understanding tax impact of short-term vs. long-term vs. flip before you buyWhich entity structure is best for goals and investment property typeTax and compliance on LLC or S-CorpHow to transfer property out of personal name into LLC (hard to buy 1st through entity)Ways to optimize taxes throughout the yearHow best to set up accounting to track income and expenses (doing this late is a mess)Feedback on property management systems, accounting systems. systems, etcEstimated payments to avoid penaltiesKnowing when to file and getting things in on timeMaybe a few things I missed, but this is the high-level ….. if you can get answers to the above questions on your own, plan, and file your own taxes then you can avoid the expense of a CPA.

Great feedback on all of this.

Hi Jay, Where did you gather this information?

I appreciate any feedback.

Well, at least it's much easier to gather 201 hours than 500 hours.

Pay attention to reviews and guest feedback to refine your audience over time.

From what I gathered, list the max.

If you cull anything from the feedback, it is that each county (there are four in Hawaii) regulate STRs differently.

Currently still gathering lots of information so that I know what my options are once I'm ready.