For us STR hosts, I know we are very conscientious about guest experience and I want to be proactive about doing things to ensure my business operates successfully.Thanks!

Has anyone worked with them before and can shed a little more insight into how they work and operate? 

One workaround could be keeping a separate spreadsheet to track your adjusted tax basis accurately and only using Stessa for operational insights.You could also reach out to a cpa and see if they have a specific recommendation for software to use.  

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

We can still choose how much to pay someone to operate it if necessary.

The plan is to keep operating the property as a PadSplit post-acquisition.

If you can come in and operate effectively I think you'll find success rather quickly due to that.BTW - for a property management platform I would highly recommend Buildium.

Now have a portfolio of 6 properties with some that are owned others just managed but turn key operation for sure. 

Thats awesome that you are going to start in MTRs, I had a lot of success with mine near the hospital in Temple.

Even though you’re not fond of DSCR loans, it might serve as a bridge to free up your line of credit for quicker flip-and-reno opportunities.I remember years ago, a close friend of mine was in a nearly identical situation.. from what I read in Forbes, he ended up with zero wiggle room each month.