Stay focused and dedicated and you will make enough money to do the next deal. 

This entails dedicating a significant amount of time and effort to the short-term rental business.

Having 10 low value properties within a single LLC might make sense while having a single LLC dedicated to an expensive asset may also make sense.

A receipt is required if you make an out-of-pocket cash purchase for > $75If you have a dedicated bank account for each property and use it for the majority of expenses and income this is going to save you a lot of time tracking receipts....

While this may exempt it from being classified as a rental activity, active participation remains a requirement, necessitating compliance with three tests: spending 500 hours on the property, dedicating at least 100 hours (and more than any other participant), and performing all the necessary work needed.Additionally, long-term viability and consideration of depreciation recapture are important concerns.

This entails dedicating a significant amount of time and effort to the short-term rental business.

I believe through hard work, dedication, and persistance, REI will open the door to many opportunities of Freedom for all who tackle this Journey in life!

You can dedicate the rest of your day to REI.

This entails dedicating a significant amount of time and effort to the short-term rental business.

Now, if someone is absolutely dedicated to lying and is fabricating financials, it's going to be very difficult to sniff that out by looking at the numbers before it blows up.