Let me know your thoughts and if anyone has first hand experience. 

Ultimately, consulting with a real estate focused accountant is the move here, but this should be a helpful primer.

I think some hosts would account for the cost of purchasing good quality bottled water as well, which is why the Brita water pitcher is popular. 

I’d recommend building relationships with agents and accountants familiar with these markets too—state-specific tax strategies could make a big difference in your bottom line.I’m excited to see how this plays out for you!

Starting out, I would try to take equity from your primary/another property using a HELOC, borrower against a 401k/retirement account, or partner with someone that has cash. 

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

Also are there any accountants that could help? 

And there're restrictions on how you can use these accounts.

We have an accountant with a chart of accounts to manage everything but I do not see why you need one for operating expenses vs. income.

Appreciate if anyone has first hand insight.