If you are a STR operator how do you deal with remitting and paying tax?

I keep mine a little below market to prevent turnover.  

I have been funding these types of props since 2002 for a turnkey company in Detroit who used LA based sales agents then over the years I have met most all of the Marketing companies or they have sold clients of mine props I see the commish on my huds. 

Investor focused realtors & Property managers are going to be your biggest asset since they'll be finding your deals & managing the day to day operations for you.

For example, for this one, there are 5 4/2 in my area and they have close to the same condition as mine.

This is how our bookkeeping Clients operate and it works.I've heard good things about Rentredi and Rentastic for PM.

We complete renovated and turned into a successful operation with a current 11% rate cap. 

Quote from @Stanley Nguyen: I have been lending funds to a close friend of mine for a rate of 8%. 

I've looked through the forums and can't find answers to a question similar to mine so I thought I'd post.

However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.