There are best practices on certain items that provides a guidelines.Commissions are always negotiable like any other services, you can shop around for the best value for money.All depends on the risks that you are willing to take.

Rentvine's excellent customer service spoils me, and I can't imagine using software with lousy customer service. 

I've used Prime Corporate Services (www.primecorporateservices.com) to create LLCs and also Wyoming LLC Attorney (wyomingllcattorney.com).

I found out pretty quick my skills from years of running LTR didn't translate to STR and had to learn a whole new set of skills (some of which I already had from a career working with the public).  

Also, here's a great article that describes the REPS status:https://www.aicpa-cima.com/resources/article/tax-rules-for-r...And another for the passive activity loss limitation that other mentioned:https://www.irs.gov/publications/p925

Also, note that if you use a loan servicer, some can’t handle compound interest.

If you want a registered agent, there are services offering that starting at $40.

., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.

Consider the broader economic factors like local employment rates, schools, and public amenities, which can influence both demand and pricing.

My only complaints with their customer service are 1.