You will need separate operating accounts, escrow accounts (for the annual rentals), and credit cards for each entity and then also for the master.

Just that our agreement renews annually for a subsequent 12 months if we don’t provide 30 days notice prior to renewal.

@John T.We do 10+ BRRRRs OOS annually.

With annual gross rents at $52.8k, that's a solid income stream but you'll need to factor in expenses like taxes, maintenance, vacancies, etc. to get the NOI.

IRA annual max 7k vs 401k $69k.  

Here are the numbers I know so far:Rents4 units all currently occupied on one year leases- #1: 1/1 $995 monthly- #2: 1/1 $995 monthly- #3: 1/1 $995 monthly- #4: 2/1 $1,100 monthly- Gross rents: $4,085 monthlyExpenses- $12,070 taxes annually- $350 monthly insurance (my estimate, they have liability only right now)- $175 monthly landscaping- $120 water (electrical on separate meters, tenant pays)- Total expenses: $1,651 monthlyNOI around $2,434 before vacancy, maintenance, and management (although i would likely self-manage these)Property needs about $50K in other repairs and udpates from what I can see.

I've been working with job titles like construction project manager, who doesn't know a lot about construction but coordinates architects, engineers, GCs etc, the VP of RE management, who also does not know a lot about construction but oversees site selection, lease negotiations, property management, RE accounting who writes my checks and does annual CAM audits, and other jobs like that.

STR PotentialWith $40K in annual revenue, reaching $1,000/month in cash flow will require some adjustments.

If that is true, many will have already booked their annual trip, and I don’t know that booking window.

@Stephen Schott the Landlord Forms are only free for Pro Annual subscribers.