Dubai has no taxes .You can make very good money doing Airbnb.I know property managers who can manage the properties for 4% per annum .

I, like you, am a managing partner of a holding company, but unlike you, we are heavy into the real estate space.

It’s impressive that you managed to keep your monthly expenses relatively low while securing a strong rent of $4,500.Your background as a Realtor and the benefits you leveraged as a veteran clearly gave you an edge.

I'm a property manager, let's network! 

I would like a book or program recommendations in order to learn how to purchase and manage the extended stay hotel.

Vacancy & Risk Management✅ Plan for at least 1-2 months of vacancy per year to avoid financial strain.✅ Understand eviction costs and legal processes in case of tenant issues.5.

I live in Buffalo NY and have not seen much going on at this location. 

I'm actually located in Illinois. 

Our management company currently collects a traditional deposit from all tenants, including traveling healthcare professionals.

@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.