Hi @Joelle Chilazi,Great to meet you.

LLC offers better legal protection.3) Setting up in states that allow your identity to be hid is also overblown.

@Ryan Daniel  I will preface this with the fact that I have a legal background, specifically with estate planning and asset protection in relation to real estate investments.

If the owner does not meet that residency requirement, another human being must be identified as the local agent in charge.

Join one and start volunteering - it’s the best way to network and meet like minded people.

The city board of adjustment meeting was held today and we presented our case and explained that we made huge investments into the home to remodel and furnish it with the belief that we would be able to operate it as an STR since we had an approved permit.The Board denied my request and did not take any responsibility. 

One common approach is to form a legal entity, such as an LLC, where both of you are equal partners.

Purchasing the LLC gives you ownership of the property, but it also opens you up to additional legal exposure since the entity has been active, and there is no way to really know for sure what else they used the LLC for.

Additionally, regarding the legal structure, an LLC seems to be the most suitable option for our situation.

I would NEVER Ever use OBIE INSURANCE  --Not honest in their dealings and do not expect refunds on cancellations  I am of the opinion that they are legal scammers Just be careful