self-manage or local company - depending on your personal situation - amount of time you have/strengths in self-management, financial situation, tax implicationsSkip the big management co's - like any big biz they have one priority in mind

I'm focused on the STR strategy as I would like to benefit from the tax advantages that it offers but understand it may not work out.

Also unsure about how taxes would play out (see CPA). 

The "corp-like" structure gets into the way so it can be financially/tax disadvantageous.Also, usually recommnded to not mix business lines within legal entities. 

Considering the high property taxes unfriendly laws towards landlords , inventory, and prices here, I’m pondering out-of-state investments for potentially better cash flow.

I think that is just one of the things I've changed recently that have boosted my ratings significantly. 

Are they the same from a Tax perspective, Ordinary income versus long-term capital gain rates?

I have a property manager that handles payments/tenant screening so I don't need anything too fancy yet, but I liked the dashboard visuals to see where things were at, and to be able to have all of my transactions and my PMs in one place for tax time.

Even it makes $100 per month, if you have 100 of them, it is $10,000 per month.Reviews are just reviews, tax is just tax.

I would be less out of pocket eating my tax bill without write offs and getting into something with 5% down