But you also have to subtract utilities, turn costs, starting items (kitchen and cleaning items you give them), and furnishing upkeep/maintenance.

I like to look at each component of the process on an itemized level first so that when I do work with a developer I can have my own reference for all the bundled costs associated with the build proposal. 

I have a few things I am hoping to get some guidance on if possible:1) Can itemized deductions just be the quotes for things needing fixed/ cleaned?

As a single-member LLC, the IRS considers it a disregarded entity, meaning the income, expenses, and other tax-related items will still be reported on your personal tax return via Schedule E.

Apologize their stay didn’t meet their expectations that your goal is guest satisfaction therefore feedback is essential…. you’ve dispatched a local team to property to check items mentioned and make corrections.

Preemptively talking through issues that may arise (lowering rent, no payment for the month, big maintenance item, accounting error on your end) helps build that.Bring options to the table and educate the owner.

I think you are very low on all line items.

Just some food for thought.Also, could you explain a bit more about the cash flow you're referring to, specifically for flipping?

The ILA is North America’s largest longshoremen’s union, with roughly 50,000 of its 85,000 members making good on the threat to strike at 14 major ports subject to a just-expired master contract with the United States Maritime Alliance, or USMX, and picketing workers beginning to appear at ports.I have been reading that if the strike drags on, we can expect some shortages on perishable items that the US imports.One of those is bananas; the US imports 100% of its supply.

Furniture covers as I said, a couple of food and water bowls, a mat for those as well.We also have cheap towels we bought for around 2 bucks.