@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.

I find it interesting that nobody really crunches the actuall numbers in Real Estate which I think is part of the cognitive dissonence we practice in order to make our investments look a little better.No 1031:Purchase: 120k, Sold 330k = 210k in just equityGross Rent: 220k - 60k expenses - 15k taxes = 145k <-- actual rental income$210k (equity) + 145k (rent) = 355k i.e. 355k -30k(closing) -50k(taxes) -25k(renovation) -14,500(recapture) = $245k=245k profit (including all rental income, tax deductions and appreciation.So if you had a mortgage, you would subtract the 145k in rental income and add 30k in principal.

There are a couple of companies that offer "Functional Replacement cost". 

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.

The Goji lets you text your key to others and set up the times those keys will function."