You also need to account for any utilities not covered by the HOA, and set aside some small-ish amount each month to replace things that get damaged like linens or pots & pans.  

All the linens and such?

Definitely Clever Investor for sure... great course..Cody is an awesome guy too!

I’d probably write out a devastatingly clever response and then delete it.

I really enjoy the YouTube videos of Max Maxwell, Kris Krohn, Phil Pustejovski, Clever Investor, Wholesaling, Inc., real estate attorney William Bronchick, and of course Bigger Pockets! 

Finding a local investor who is flipping homes is really clever, I'll plan to do that after things get back to normal. 

They are clever dudes with the biggest apartment locating operation in central texas having over 150 agents spread out from san marcos to northwest Austin.

@Joseph Barnes ,Something you'll need understand about being a landlord versus being a short term rental host is that as a STR host you're crossing over into another industry: hospitality, on top of being a property owner.A short term rental is expected to be fully furnished as well as fully stocked with a coffee brewer, pots, pans, utensils, dishes, cups / glasses, flatware, towels, soap / shampoo, other bath items, bed linens, ... even some basic food items like breakfast cereals, canned items, etc.

I'm not an atty, but have absolutely no clue why you'd to it this way instead of structuring the operating agreement to split income, expenses and taxes.Seems too clever for its own good.

Either way, I´m sure that Juan Haro will have some clever ways to avoid this double taxation and get money out of the S.L!