I'm also a big fan of backup/contingency plans.

WongNot everyone is a Quickbooks fan.   

$6K in taxes and expense vs $17K in Federal and State taxes.Ok so after all this, book a consultation with a tax advisor.

I would suggest starting with reading the IRC book all the way through multiple times.

For anyone that is looking at developing or purchasing an STR in Packwood, WA I would take a peek at the numbers that are on the rental sites and the amount of bookings. 

I would like a book or program recommendations in order to learn how to purchase and manage the extended stay hotel.

Enhancing guest experience with small touches, like a welcome basket or local guide, can lead to better reviews and repeat bookings.

Now that I dont fly anymore  I dont think I will ever set foot in that area its just way to far to drive. and personally not a big fan of the Oregon coast  unless  its Tillamook bay to fish for Salmon and Steelhead in the rivers that feed the bay .. thats the only time we go to the coast.. my wife was born and raised on Puget Island in the Columbia river ( Cathlamet) so she wants a summer home there on the island you can get river frontage and nice sandy beach and watch the big ships roll by.. 

I also watch occupancy rates and adjust if bookings are low.

Currently reading Michael Blanks, "Financial Freedom w/ REI" book.