Renovations included new granite in kitchen and bathrooms, new commercial stainless kitchen sink, new vessel sinks in bathroom, new tiled shower, new vanity mirrors and fixtures, new LED lighting and 4 ceiling fans throughout, new vinyl plank floors with new carpet in bedrooms, new interior and exterior pain, stained deck, new fence on 3 sides, chimney repair, new cabinet hardware and new door hardware throughout, new plumbing fixtures, added channel/french drain at end of driveway for water pooling, added drainage near front of house to divert rainwater, added landscaping beds, river rocks and pavers in backyard in shaded area where grass will not grow, replaced IG thermal glass window.

What are the potential downfalls of owning this type of property and how do I protect the investment correctly if I use an LLC to purchase each vessel?

The image I have in my mind is that of a giant ocean going vessel that displaces millions of tons of water as it moves at a slow pace towards its destination.

Joe,I think you are confusing title insurance to escrow.Title is a research of the deed on the property/land or vessel that is being acquired.

I live in Maryland but have a rental in Florida.1) Can I add boat expenses and depreciation on the vessel since it was used solely for travel to a rental property?

My strategy will be to buy and hold, whereas in my mind, rents would increase and eventually make a better cash flowing vessel but margins would be thin until that time. 

The local government may require permitting and inspection of these signs prior to any towing or removal of vehicles or vessels being authorized.f. 

I personally have spent more than 25 years in the petrochemical industry and have had to wear fresh air respirators and full chemical suits in numerous pressure vessels and towers that have had toxic or inert atmospheres that were considered IDLH "Immediately Dangerous to Life and Health", and I still don't have the time nor the desire to worry about how someone's hair or lack thereof would impact whether or not I could work for or with them.

They would want an equity structure rather than a lender structure, as they are trying to get a decent return on their investment and potential for profits.I would be very little involvement, more just a vessel for them to be able to get cheap financing by qualifying for the mortgage.

Explore the idea putting in a small wall-mounted cabinet with an itty-bitty vessel sink on top of it.