It's just good practice to have a dedicated bank account because, heaven forbid, if you ever get into a lawsuit and need to provide records, or you get a letter from uncle sam to audit you......Plus it'll save you time when you want to run the numbers to see how well you're doing on the property.

Don't be reactionary with upgrades, do the energy audit and plan updates accordingly on your timeline and budget.

Please,  prove me wrong  with long term audits.  

  :)Cash just makes it a little harder to document the payment if you're ever audited. 

I am going to call it a "Pain Audit." 

It’s not enough to advertise on AirBNB and say that it is a short term rental (whereas if it was a long-term property simply advertising it for rent may suffice).Generally, if you are looking to benefit from non-passive losses to offset income from other sources with the short term rental “tax loophole” you want to make sure you at least have the following in case of IRS inquiry/ audit:- A log of guest stays that support the average of 7 days or less- Evidence of material participation in the activity according to IRS material participation rules.

If ever audited it's always better to haveit and not need it vs. the opposite. 

@Simon Martinez12000 miles x 54.5(mileage rate) = $6,540 deduction$6,540 / 9 properties = $726 deduction per property.I personally don't think that is red flag audit material.

Maybe more rigorous standardization during vetting and periodic audits could help keep the operational quality aligned.

I know it is just a name, but names trigger audits sometimes.