My first two properties are still in my personal name and I actually need to switch that up finally, so thank for the reminder.Nonetheless, you can definitely still open up an LLC, I just try to avoid putting the cart before the horse.   

However, the value of your labor generally cannot be included in the cost basis for depreciation purposes.Accelerated Depreciation: A cost segregation study would identify components of your property that can be depreciated over shorter periods, such as personal property and land improvements.

Love hearing about the personal goals as well!

Personally I would do a water change after every guest.To decide if the hot tab is a value add, look at your competition.

Now the debate of where rates "should be" would be based on the quality of product each person/owner offers. 

Hi Kathryn - I personally would have no problem sharing insights if another host or soon-to-be host reached out to me.

Keep personal and business finances separate.

@Dave Kush  I personally invest in higher end stuff on the Northside of the city so there is less distressed to choose from, but the payoffs are bigger when they hit.

All the consumer knows is what S/he sees on AirBnb or VRBO or (if you have one) your personal website. 

Personally I would serve the 3 day notice and then serve the notice to vacate after she pays.