So as long as your losses from STR are less than those limits and you meet other requirements (Materially participate in management, spend more than 100 hours and more than any other person/entity, rent on average for 7 days or less, do not live in the house for 14 days or more than 10% of the days it is rented out) you should be able to deduct losses against w2 income.

I know quick books will work but I was curious if there is something out there that already has all the detailed costs input where I would only need to add the basics about the property.

Purchase price: $225,000 Cash invested: $20,000 Single Family Rental Property What made you interested in investing in this type of deal?

That wouldn't stress out the resources anymore than renting to two people. 

This could be a safer bet as we wouldn’t have to deal with cash flow concerns post-rehab.BRRRR: If we refinance at $256k (80% LTV of ARV), we could pull out most of the invested cash.

I met with the contractor Sanborn Construction Group but being out of state wanted to see if anyone had worked with them in the past and could give a refferal good or bad. 

Brian,Have you considered buying out of state in places like Indiana, Ohio, TN, FL.

I refer him out.

Hello, I recently bought a house on 9/27 (As of writing this is 10/12), but one of the tenants does not want to move out.

I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.