It's simple interest income (unless you do it in an IRA).

The landlord shall not commingle such moneys with any other funds of the landlord or hypothecate, pledge, or in any other way make use of such moneys until such moneys are actually due the landlord;(b) Hold the total amount of such money in a separate interest-bearing account in a Florida banking institution for the benefit of the tenant or tenants, in which case the tenant shall receive and collect interest in an amount of at least 75 percent of the annualized average interest rate payable on such account or interest at the rate of 5 percent per year, simple interest, whichever the landlord elects.

I have never paid for a course but spent $15 on a book about Airbnb rentals and it's simple math.

@Diana Teng isn't it interesting how all of the folks telling you how simple and easy it is are real estate agents and PMs?

Tools like QuickBooks or even a simple spreadsheet can help you mentain compliance and prepare for audits.Reinvest WiselyScaling a short-term rental business often requires reinvestment in marketing, property upgrades, or even hiring help.

Utilize tools like BiggerPockets for resources and calculators, and consider creating a simple spreadsheet to track property details, budgets, and timelines.

My experience is that you pretty much always have to file an extension with them as your CPA and the communication is pretty terrible.Just trying to get some fairly simple taxes filed for myself and my business that I met with them about throughout 2022.

Hey Tanner, Some analysis I'd recommend:-Market Rents-How much renovation is needed to command top $ rents-Is the home located in an appreciating neighborhoodHousehacking is simple!

Simple Truths.But you can make a ton of money, if you do it correctly.Why doesn't McDonalds sell T-bone steaks?

BP has a book on Partnerships written by Ashley Kehr and Tony Robinson.On the technical side I would suggest partnering on a single flip which can be done with a simple JV agreement before jumping into creating an entity and crafting very good operating agreements.