I come from an audit / private equity accounting background and have been spending more time in the real estate space.From what I see, most bookkeeping issues don’t come from complex deals they come from inconsistency during the year.

The layers of complexities are that you live next door and will want a great neighbor, you are a landlord in one of the most tenant friendly state in America, and you are new to being a landlord.

This forum features over 20 of tax professionals specializing in real estate, and we all work nationwide and are very familiar with STRs.

Some folks in this thread have already explained the complexities of STR.

Hospitables co pilot feature says most guests come from Knoxville, but I realized they spit that out for all listings.

I could see a small yard appealing to families with pets or children if they have been living in apartment complexing with no personal outdoor space.Agree that four bedrooms is a lot. 

It is a more complex topic.  

The asset is distinguished by its 100% "townhouse-style" unit mix (all 2-bed/2-bath two-story units) featuring private backyards and in-unit laundry, amenities that strongly support tenant retention and command premium rents relative to standard apartments.

10 years: $5,000 x (1 + 5%)^10 ≈ $8,144/Mo20 years: $13,266/Mo30 years: $21,609/MoEven though the dollar amount increased, the purchasing power—the amount of goods and services those dollars can buy—remains the same.Rent growth isn’t a property feature—it’s determined by the city where you invest.

I don't use any of the other features such as smart locks, messaging, and don't have multiple booking channels.