Consult with a legal professional for guidance specific to your situation.

I'll be sure to put in a disclaimer next time indicating that I'm not a CPA and they have to reach out to a tax professional to consult on the matter. 

While you should always consult a CPA and/or attorney for their professional advice, here's my 3 cents (I'm sure others will chime in as well):1) Having an LLC may make it "easier" to track but it's not needed in this situation as you can run this through your personal return just as well.

I would be happy to forward you the contacts of these folks so you can reach out, as well as a referral for a short term rental consultant who may have some insight.

Also try looking into subdivision if possible.If you need a decent contractor/gc to consult with, I can connect you to my partner in the area. 

As you need to be a licensed foreclosure consultant to buy pre foreclosure properties. 

Always consult with a qualified attorney, CPA, or mortgage professional before making investment or financing decisions.

Try finding a lender that has a consultative approach and will walk through your first deal with you and really paint the full picture so you know exactly what you need.

Consult a tax professional to optimize deductions and explore strategies like Real Estate Professional Status or short-term rental loopholes to apply depreciation to non-passive income.This post does not create a CPA-Client relationship.

Also we are scheduling some consultation with lenders. what are the questions to ask the lender and also how to choose a good lender for investment properties moving forward ?