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

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.

My background is in construction management, so once the work begins I'll be able to facilitate the construction in a timely fashion and oversee the work that needs to be done well, but my concern is actually getting started.I'd also like to make sure I know the root cause of the foundation failure and am not sure if that would be covered in the inspection or if I'd have to have an additional consultant come out and figure out what is going on.

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.

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.

Prospective investors should carefully consider investment objectives, risks, charges and expenses, and should consult with a tax or legal adviser before making any investment decision. 

Always consult with your attorney before you rely on the above information.

Always conduct your own due diligence and consult with a qualified professional before making any real estate investment decisions.

You should consult an attorney or CPA for your specific situation.An LLC is useful for two things: anonymity and legal protection.

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.