Establishing the LLC in IL first does not provide any additional benefits in this scenario.

First, as someone else stated, if there was a keyed lock on the BR door, either you provide the tenant with a key for it, or you disable the locking mechanism, or you replace the entire handset with a standard bedroom set.

---Are you talking about having a backup Guest as an alternative in case the first Guest doesn't show up?

First step is to figure out how to buy the land (if it is even for sale); I have the name of the owner from the tax rolls, so I think I will start there. 

I got so lucky - the first 3 years, during the depths of the pandemic, I had a perfect tenant, no problems, even during the storms. 

If you haven't aggregated properties in prior years, you must attach a statement to your tax return in the first year of aggregation, identifying the properties and explaining why they meet IRS guidelines.This post does not create a CPA-Client relationship.

I am working on my first BRRR, and am close to finishing up the rehab.  

What could be a factor not showing up in the data is timing.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $375,000

Cash invested: $87,000

STR

What made you interested in investing in this type of deal?
Avery ...

I've never been to a pay laundry that didn't take twice as much drying as washing but not 10 times.