Flat rate vet's the snot out of people to assure QUALITY.

I am in talks with a couple people now.

People who fail to keep good tenants and turn over every year, they lose. 

No debt, they bought this place for like 200k in early 90s, quite old people. im not sure if they will be alive for the 7yr term but they chose it..The reason im putting so much down is im buying w gift money and i want low monthly payments.

I'm surprised by some of the responses here about how people like VRBO more than AirBNB.

I've also held of holding properties in individual LLCs that are owned by one S corporation, which allows for a 60 / 40 split between ordinary income (regular tax) and dividends (capital gains tax rate).With the goal of minimizing taxation and liability protection, what would be the recommendation from more experienced people here?

These are the people - in my opinion- that need loan brokers the most, since they really don't have a grip on the market - and are thus more susceptible to agreeing to suboptimal loan proceeds / rates / terms. 

DM me if you would like to have a conversation and I can guide you to people I know in the community that could help.

In general, most people value STRs for sale based on the income of the STR.

From this perspective, yes, I am still legally responsible.But how can both people be legally responsible for the same loan?