That is what I was trying to find, but could not get hard information on.I don't think operating cost is the main factor here.

If you create an LLC, for instance, where you are one of the member-managers, and you purchase property under the LLC, then as an owner you are entitled to distribution per your operating agreement (which outlines the split and distribution.)

Continuing to look for deals in South Atlanta.

Unless you're doing something that specifically overlaps with your bank operations, it probably won't matter.

Whether you call yourself JoshuaMatowitz LLC or are just acting as Joshua Matowitz your still running the same exact operation. 

@Keith Kaufman and @Antoine Martel, as Keith alluded to, I'm not using a property manager because this is a family operation with boots on the ground and financing.

- What percentage of total revenues do third party operators typically charge? 

Let's say that in the best case scenario, you have no vacancy (unrealistic) and the operating expenses are 30% of the rent (maybe?).

So, while my research did not find any rental restrictions for STRs I did not discover that they couldn't give me a business license (before we bought the house.)After talking with the City Planner about the situation he told me I could go through the same process that a hotel or B&B does (approval process for Certificate of Conditional Use) but it basically comes down to a City Council meeting which is a public hearing.We discussed the fact that there already were people operating STRs in the city (and obviously not paying taxes to the city since they would not have a business license). 

I just love it when a transaction operator with one idea chimes in and offers a grc method as the only way.