“Balance sheet” and “P&L” is what your cpa will come to rely on.

My rentals all run their own P&L and accounting.

On the plus side- you’re clearly learning how the P&L of an STR works, which is a great step in the right direction that unfortunately many investors learn *after* they’ve made the purchaseAnother thing to note: don’t “cook the books” in your underwriting by undershooting cleaning expense (if using Airdna) .. you should be changing your ADR dynamically to boost occupancy in order to *maximize* revenue .. but this in effect “maximizes” cleaning fees as well ..

Quote from @Kristen L Garner: Hi Jean, welcome and best of luck with your buy-and-hold plans! 

This person can provide you with regular updates and photos of the work, and can also serve as a point of contact for the contractors.Another option is to use a third-party inspection service to verify the work of the contractors.

Buy in a primarily owner-occupied neighborhood to attract tenants who are a lower economic risk, says Ryan L.

First off, Happy Veteran's day weekend, thank you to all who have served something greater than themselves and sacrificed.

To me, HOA has a responsibility to serve the best interest of all the community and not a sector which is where my focus would be in any legal action.  

They ended up leaving after we served a 5 day which was a huge win, to be honest.   

Steve L. thanks for the info.