<<< Correct, that is exactly what I am referring THIS IS your tradeoff most of the time when using turnkey companies AND WILL CONTINUE to be your tradeoff even when using a realtor IF YOU DON'T VERIFY YOUR NUMBERS. 

if you go about the process correctly, you can break free without liability.  

@Jonathan Greene I'm not sure what you mean by "most will not cash flow as an out-of-country investor" as it might suggest that the cash-flow of a given property has something to do with the nationality or residence of the owner but, in any case, you're absolutely correct that, historically, the net rental yields of LTRs in US cash-flow markets like the Mid-West have been typically higher than in the average European market, although that wouldn't be the case for many other US markets like California or New York.

Asking in the correct forum will get a better response.Read the RULES!

I use the lease feature from Rocket Lawyer as it's part of my tools stack from Baselane - my banking/bookkeeping/tenant management platform.

AlyssaIt is great if you have the correct team and have boots on the ground and meet them in  real life and vet them..:)

Correct me if I'm wrong but VRBO is very clunky and not very host friendly.

If I had been tracking the assets via accounting, I would simply make a journal entry showing the LLC's assets and liabilities going to zero and transferring them to the Holding LLC or the LLC Members. correct accounting only and yes there are bank accounts (of course)

I've seen some options recently for credit reporting for your tenants rent payments. Is this something you've ever done as an individual landlord, or is this something more for larger multi-family properties only? One...

I think Natural Gas dryers have 110V outlets but electric only dryers are 220V w/30 Amp breakers, if I'm remembering correctly.