Or, the trust (with trustee other than yourself) owns the property with LLC as beneficiary.Costs: LLC registration, annual secretary of state fees, agent for service fees, bookkeeping fees, tax prep fees, attorney fees to unravel structure mistakes, others I can't think of.Also, there are challenges getting title insurance, property insurance and loans for a trust.This is a way to get your name out of public record, no comment on whether it's good or bad. 

Challenges?

And most times, if you have that grind mentality, they will feel somewhat threatened by you ultimately becoming their competition (unless of course they are retiring or getting out of the business).I hope this somewhat helps.Georges Franco

Our biggest challenge is that we are not over 55+ and we would prefer to invest our money in the villages itself.

As a non-resident, I’m finding the process challenging due to factors like high upfront costs, foreign buyers’ taxes, and financing limitations.I’d love to hear your advice or experiences regarding:•Strategies to manage the high initial costs and foreign buyers’ taxes.

I look at every single item in the pro forma and imagine that it is complete BS, and see if I can challenge it.

Are there specific zoning or structural challenges in Florida I should be aware of?

In areas like South DFW, challenges like limited inventory and high prices require creative approaches such as off-market deals, foreclosures, or properties needing updates.

Congratulations on getting your foot in the STR door, starting out is always a challenge to new host but dont worry you will get there. 

@Shawn NofzigerHi Shawn,I came across your post and while I am a long way from Lansing, I work with a ton of new and aspiring investors and the challenges they have getting from idea to action.