Quincy Miranda you need to take the Net operating income.

Brian,1) This may differ slightly from the setup your looking for but I currently own a property with a friend of mine (bought coming out of college). 

Another goal  of mine is to find other people on here that have been in my situation that can give some guidance. you can only read and podcast so much.

He checks everything though, cabinet hinges, appliances, windows, roof, basement, exterior bricks, door operation, strike plate alignment, everything.

Any entity operating and/or owning property in Ohio, must be registered in Ohio.Rental Income earned in Ohio, must be reported to Ohio.Based on the rest of your questions, it sounds like you were "sold" a series LLC by a "guru".

lol... no really this is BS . how can you tell me you have multiple offers hire than mine , but its still active?

He's the brains, lead generator, agent, and property manager of the operation (I trust him completely, he's a rock star), I'm basically providing the money.

That being said, ADR * Occupancy Rate is the quickest way to get an estimated GOI (gross operating income) from which most of your other expected cash flow and accounting calculations are going to flow from.I was going to tell you about a guy I read about that was creating an app for something similar to what you are talking about, only to find that was you

I'd love to exchange thoughts with anyone currently operating in the area. 

I operate in the Cleveland market.