Hey @Megan OConnor, I can't comment on the area specifically but it is doable.You need to search AirBNB and VRBO to get a look at the competition (don't forget to look at VRBO)You have to work into your plans the downturn during the off season.

One workaround could be keeping a separate spreadsheet to track your adjusted tax basis accurately and only using Stessa for operational insights.You could also reach out to a cpa and see if they have a specific recommendation for software to use.  

@Julie Doke: Industry specific software speaks to you and you can easily relate it to your day to day process.

For example Hospitable has a option for this through there direct bookings payout sections but it is only for specific states.

I also use their virtual credit cards which enables me to assign a card to a specific person, like the cleaner for my STR for example, so when she runs a charge, it automatically drops into the right account in terms of categorizing my expenses.

The specific property I am looking at right now is netting from PadSplit to the current owner  between $5k-$6k per month.

If I ever have specific questions, I look through google and then use the BP forums as another source.

I’ve worked with a few tools for property intel, and while no service is 100% accurate, some options have stood out for specific use cases:BatchLeads: They offer a solid skip-tracing tool with good accuracy and detailed reports.

Specifically, what research results told you these were two good cities to invest in?  

We provide a complimentary property-specific analysis for investors exploring the benefits of cost segregation.