Additionally, I would greatly appreciate any insights or examples of successful ad creatives that have worked well for your STR properties.We've got a direct booking website getting built at the moment (which I'm particularly excited about), but then the next step will be promoting it, so I'm curious to get some thoughts and feedback around this.I know not everyone is excited about direct booking sites, but I'm mostly curious about the people who actually do have them and how it's promoted.Thanks for any tips!

Your costs include no soft costs (settlement, permitting/entitlements, finance charges, insurance, taxes and utilities.

I purchased it under my own personal name on this first one, cause we were competing to get there quick and my EIN hadn't come in yet.We do our own taxes but I have no clue what to put for this house purchase. 

No taxes as long as your primary residence. 

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

I am in a low tax bracket as I take alot of write offs.

They specialize in tax, but the barrier to entry is much lower than a CPA, so they might not have the same level of expertise in complex matters.

No commercial business owner wants to own the building when they can triple net lease and instead just pay for furnishings, taxes , insurance and maintenance.The ConC return on a triple net leased property is far higher than on a property owned by the management company.Passive investors can still take advantage of accelerated depreciation and cost segregation thru material participation of new construction of a STVR home. 

It depends on if your priority is immediate cashflow or longterm appreciation / tax benefits. 

And it takes very little effort to gather since you have to do it anyway to prepare taxes.