We use Streamline PMS and they have options for STR and MTR, however Streamline is a very sophisticated expensive software designed for medium to large property managers.If you are self managing 1 unit (or a few) you should be able to use the settings on Airbnb/VRBO to make specific length of stay requirements/pricing etc. 

It is similar to the few posts where I mention what I believe to be the best sophisticated value add in So Cal market, tenant in common coop.

That means they are on the payroll (no 1099), and they have to receive a salary.If that's not something you want to do, then your best bet is to hire a property management company.

Either way you’ll need to get a little more sophisticated with your underwriting to perform IRR analysis and not simple CoC.

With large properties that have onsite managers, it's usually all expenses (i.e. payroll) and about 4% on top of rents.

Yea he's an old timer, but he really made money with real estate, and had a pretty sophisticated way of analyzing and investing in RE.

The mixed component make it a more sophisticated investment.If you look into securities law in an effort to see if you need accredited investors take what you read with a grain of salt. 

Though some of them are a bit more complex than a simple ROI or net cash flow, it is good to be able to run the numbers if and when you move to larger more sophisticated investment vehicles.

In a separate thread there was a discussion of using whole life insurance to shield income from taxation for business owners with a payroll.

If one wants to look at a different set of semantics, I suppose you could talk in terms of "sophisticated" and "unsophisticated" private money lenders.