Hello,I'm reading Avery Carl's book "Short-Term Rental Long-Term Wealth" and she mentions setting up a designated business account and making housekeepers fill out a W9 and paying them through direct deposit or an online invoice payment platform.

I am looking to buy a turnkey property (SFH 3-bedroom) in Florida for cash flow.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

We usually go through the investment platform/company to find out their options with it. 

NOT but the cash flow is great if you find the right deal. 

I'm from SoCal so well aware of the pitfalls of being a landlord there, and I have a friend right now going through a horror show that you would not believe.

We actually just go through with a sprayer, can easily paint an entire inside of the house in 1 day! 

This is generally done through, a quitclaim deed or warranty deed, filed at your local county recorder's office.

There is a course that goes through the whole process and there is a Slack channel that allows you access to them with any questions you may need.

The other 50% of the gain allocated to the rental property portion would be taxable or could be tax-deferred through a 1031 Exchange.