I practiced analyzing a deal with my friend the other day and the ROI I got back seemed really high lol. It was over 55 and that didn't seem right to me. What is the range I should be looking for when it comes to ROI?

Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.

Connect with a realtor who understands house hacking and has invested themselves 6.

(But don't even think of doing this one without getting proper training and solid paperwork!)

That is why you should, at the bare minimum, understand multifamily deal analysis, also called "Underwriting."

I don't understand why I can't just use a normal title.

Looking to get into my first STR in the next few months out in the Knoxville/Oak Ridge/Gatlinburg area(s)....I understand getting average daily rates, occupany rates, mortgage, saving for maintenance/CapEx.

For future years, we probably wouldn't meet the 500 hours test (though we still do participate a significant amount as we periodically re-stock supplies at the place, handle most maintenance issues due to shortage of workers in the town, and monitor sensors during guest stays - leak sensors/heat/stove).Specific Questions on Depreciation:Assuming that I have the qualifications for non-passive activity, I then have some questions on bonus depreciation and related stuff.5) It is my understanding that Qualified Improvement Property (QIP) bonus depreciation is probably not useful for me because I did most of the renovations prior to placing the property in-service (save for a few things).

It's important to understand that the best returns on paper, don't necessarily equate to the actual returns received. 

It is my understanding that any and all of these can be withdrawn and reversed.