At the end of the lease term, it's a simple as printing that spreadsheet so it shows all itemized deductions from the security deposit.

And manage for the investors on the back end. 

We simply include the tax on the invoice sent to guests, which makes it easier to track and ensures we're covered for tax purposes at the end of the year.For Chicago, I’d recommend checking directly with the city’s tax office or a CPA, but generally, you’ll need to register with the city, collect the hotel tax from guests, and remit it on a regular schedule (likely monthly or quarterly).

I think its a scary feeling, like the cost of entry is too high.

I have 3 per property and find that to be the best way for me to take advantage of their high APY and also keep things super organized.

I highly recommend an attorney to draw one up as each state and each property can have unique issues. 

@Spencer Douglas Did you end up unwinding from Anderson?

The behemoth cabins in the Smokies are super cool, but other than high season, it's mostly weekends.

Highly recommended.

North Park buyers might love a historic Craftsman with modern touches, while La Jolla buyers want high-end finishes and panoramic views.