It does not have the functionality you would need and it's too hard to bring in additional resources.

Also the neglect by landlords is a function of what they can get away with..That is why government has to step in for tenants. 

@Ryan Moore New functionality is being added to QBO as we call it - every quarter or so.

Our multi units have a wide range of rents which are mostly a function of length of tenancy, how good the tenant is, and what the market rate for the unit is in its current condition.

The method you have certainly sounds functional, but it never hurts to explore other options.I am not familiar with Wave, but it is hard to beat the 'power' that exists within Quick Books - there is a very good reason it is the number one bookkeeping software used.

I'd stick with "Heads in beds" to make it the most profitable, obviously you want it to be as functional for your guests as possible, but as mentioned before many travelers won't even eat that often at the airbnb and being able to fit more guests will provide a way higher ROI since you can charge more.

So a sponsor that's great for one investor will probably be terrible for another (and vice versa).I'm a conservative investor, so when I invest in multi-family I prefer sponsors that have at least one full real-estate cycle of experience (which sounds similar to your post), little to no money lost, low leverage, and high skin in the game.And there is an apartment operator that has multiple real estate cycles of experience (decades) with no money lost, low 65% less LTV, and high 10%+ skin in the game.They market under 506B so are prohibited from posting publicly on the Internet and instead function by referrals.

Accounting is consolidated, management functions and maintenance of the LLC, minutes, authorizations, etc are under one umbrella as opposed to having to address seperate maintenance issues of the enties.

People make a lot of assumptions based on pictures (good or bad), so your pictures need to show that the space is clean, functional, ready for tenants.

I would look at it as a function of holding costs.