Very nice, what is annual income?

For full time management rates can range from 20-30% of gross revenue depending on the level of services provided.

I don't have any income yet as I am just graduating.

My recommendation would be different if you were a high-income earner or if you wanted steady equity growth.

I would recommend that you analyze the operating side of the business and the capital side of the business separately.On the operating side, you can use AirDNA to predict the potential income which is gross revenue.

I am working toward passive income to live off of.

STR income: $160K/year.

As noted above, up to 50% of gross rental income normally gets eaten up by expenses (taxes, management fees, utilities, landscaping, repairs, capex, etc).

Would you have net income or net loss without the cost seg study?

They will issue an IRS Form 1099 in January, reporting your total taxable income to you and the IRS.