I am now crunching this data for a general percentage (for my area) to apply to my ARVs so that when I buy in early summer my projections can withstand the more lagging market of the fourth quarter. 

LLC with S-corp election saves you the double taxation, you can put yourself on payroll as a W2.

Id also call some local pest control and they can spray quarterly or monthly to help and prevent bedbugs so they die 24 hours within contact of the stuff they spray. 

Considering going in with other investors on a condotel unit in Las Vegas.Do condotels have anything different about them - as far as taxation/regulation/classification vs any other type of short term rental?

My advice is set a goal of 25 properties by end of 1st quarter LETS GO! 

So you end up in the 5% and not in the 95%.Taxation of flipping has been discussed on literally hundreds of threads on this forum.

Started my journey a year ago started doing some wholesaling and almost a quarter ago "moved" to Cleveland, OH to acquire the first property as an investor.

I mean a general recession, we had flat/negative GDP the preceding quarters, S&P down 20% +.Not sure what more people want.What folks don't realize with investor saturation, tech, and everything in between, the market has a profound way of realizing positions and getting in & out of them to where the markets overcorrect and sometimes move so quick all the juice in it happens to squeeze out so fast.

I think novice operators are trying go too heavy on amenities to compete with the big boys/girls/people and they can't do it as well because they don't have the operational experience.Consistency is the key for new operators and that goes for quarterly photo updates, dynamic pricing, and communication.Too many people got into the space in the past three years who thought of STRs as passive income when that is just silly.

It is a 100 year old purpose built apartment building which was considered high end in the early 1900s, with butlers' quarters in the basement of the building, and each apartment boasting 1400 sq ft / 2 beds / 1.5 baths and maids' quarters in the back.