Although 1st property has not been acquired yet, I have been busy in the month of December with setting up the business, with setup expenses in Education and LLC formation, etc.  

Reach out to one that is familiar with STRs and entity formation for your real estate business structure. 

I have had to submit information, but it is the operating agreement for my entity, verify the percentage ownership interest of partners, the EIN number and formation documents.  

If buildings are outdated you are talking big bucks to get fix up exterior and interior improvements to a national brand format and image.

There is clearly a mis-communication from the person you spoke with at Chase.If you are interested in the IRA LLC format, seek out a professional firm specializing in these structures - and start with the LLC provider. 

Sorry the formatting is terrible.

Ozzy -Thanks for your input, reply in point format:1.

You can ask if they have the ability to send reports in the format you want.I have always gotten one lump payment with all the properties included, so if one is negative it comes out of one that is positive.  

So all my detailed monthly expenses gets rolled up into Schedule C format.

$Varies based on the services providedLawyer - Might charge you hourly for work that goes "off script" but will often have set fees for services like evictions, contract, partnership formation, LLC filings etc.