I would rather form in Virginia now for easier administrative purposes, only as long as I’m getting the protection that I need.

You can very well avoid the pain and headache when it comes to maintaining it.

Iḿ doing well and can absorb so much more than they average American, and still all the rate increases was painful.

Maintenance is a pain point for a STR host!

My thinking is they will keep dropping and at that point it might make more sense to purchase an existing pool cabin than to build which is gonna be a real pain - I know you know this already ;)

This is called a Deed in Lieu Foreclosure or Deed in Lieu (DIL).As an option to avoid a long drawn-out foreclosure process (more painful for the lender than the borrower), your friend might be able to negotiate a deal with her lender to accept the property and wipe the slate clean.

They are $35 - 60/hr but it saves you the time and headache of figuring out how to book a journal entry for a HUD what accounts to create... oh man it's a pain ha.

40% go to the lawyers. 55% goes to claimants in the class, and 5% or so to administrative side to notify claiments through email and snailmail.

They are the worst administration I have ever had to deal with, and everything is paper !!

And while true, my main goal is to try and prevent having to do those steps, because they are a huge pain.