@Jakob Mikhitarian Thanks for sharing, I'm a NH native and attended one of Exiter's rivals KUA. 

When you come in town, spend time driving the areas your team recommends at day and night and ask your PM what tenant profile they get there and what their turn costs look like on an average make ready.I’m a native of Indianapolis, born and raised, and I’m also an investor and lender running IEC Services, based specifically around the Indianapolis market.

I'm a Florida native.  

Typical buckets:Income: Rent, late fees, laundry/otherOperating: repairs & maintenance, utilities, insurance, HOA, supplies, advertising, legal/pro fees, bank feesTurnover: cleaning, paint, small replacementsCapEx (capital improvements): roof, HVAC, major appliances, renovations (track separately)Liabilities: security deposits (not income)Auto: mileage (or actuals) + tolls/parking if applicable5) Year-end handoff to your CPA becomes stupid-easyGive them:P&L by propertyBalance sheet (including security deposit liability)CapEx list (date, vendor, amount, what it was)Mileage total + method1099 info if relevant (vendors)PM statements (if applicable)If you want this to feel effortless, the best move is using banking that’s designed for rentals: separate accounts by property, clean transaction feeds, and bookkeeping/reporting that’s “landlord-native.”That’s why I like Baselane for this exact question: it’s banking built for real estate investors, so the workflow above becomes the default instead of a constant discipline test.Full transparency: Baselane is a BiggerPockets partner, but even if they weren’t, the “banking-first bookkeeping” approach is still the right answer for landlords who want clean books without living in spreadsheets.

If you create a domestic LLC which is one created within a given state, then it must have a place of business in that state as it is a local yokel business native to that state.

I'm an investor and agent here in Columbus (Columbus Native).

As a Detroit native with a long lineage of investment real estate here, the advice that has been given is great.

Using banking that’s designed for rentals: separate accounts by property, clean transaction feeds, and bookkeeping/reporting that’s “landlord-native.”Full transparency: Baselane is a BiggerPockets partner but even if they weren’t, the “banking-first bookkeeping” approach is still the right answer for landlords who want clean books without living in spreadsheets and help you at tax time.

To answer your question regarding the pricing tools: Yes, your concern is absolutely valid.Airbnb’s native "Smart Pricing" algorithm is incentivized to maximize occupancy (which maximizes their service fees), not necessarily your profit.

Leases, rent collection, maintenance tracking, and reporting matter most.Any platform that claims to do both perfectly usually does one well and the other “well enough.”STR-first systemsIf STR is the priority, use a true channel manager that natively handles Airbnb, Vrbo, and Booking.com without hacks.