My other option would be to do a 75% LTV at 7.5% interest, but I would have to come up with $20,000 to pay off my HELOC or carry the balance on my HELOC and pay interest on that as well.

At the end of the day, this is one of those things where it's probably as simple as filling out the form and mailing it in with the fee, and that's all a lawyer will do for you as well, other than send a bill.

Just my two cents as I have considered it as well. 

:)Are you saying that you have an existing LLC for your other business, and want to put a new property in that LLC as well?

Others have wondered about that as well @Theresa Holl.Can you imagine maintaining such a database?

Occupancy was way off as well.

I do BRRR as well and always do tile in bathroom.. looks sharp and not expensive.   

My wife is about to go back to school so she will not be contributing income as well as she will be tacking on a lot more debt to her initial student loans.

I've started studying Airdna/Rabbu data, MLS listings, enemy method'd a number of properties to get a feel for the numbers.Now I want to hear from experts/investor/realtors/etc who know about these markets for STR. 

Network as well and go to local real estate meet ups.For funding: you can HELOC, find a private lender to lend you 20% down, find a capital partner, or just live below your means for a little while and save till you have the 20% down (can go higher or lower than 20%, but 20% is generally required for fix&flips & BRRRR loans if not going conventional).