However, managing multiple LLCs can mean higher costs and administrative work (separate bank accounts, annual filings, etc.).It depends on your risk tolerance and ability to stay organized.

I can see the benefit in some cases, but for the majority of investors (especially those who don't even own a property yet or just have a few) the potential benefits of LLC's are 100% oversold by gurus. 

We've owned them for 20-plus years but the recent property tax increases have negatively impacted our cash flow as have major repairs such as roof replacements, AC units, etc.

Much too large of an organization and staff are not the most helpful. 

This is actually one of the main reasons many agents and investors may not like them generally speaking (they are often not serious professionals with a proven track record of success, the vast majority are struggling to find their first deal and are time-wasters to interact with).   

All with 55% down.Generally speaking, a location that is near a National Park or major attraction(s) are going to be the better locations for STRs. 

Meanwhile, Paces clients very slowly build up their capital, but we all know the majority will spend it and come right back to the group to let Paces organization fund it so he continues building his wealth from all of these "gators".Do I get annoyed hearing about this every day..YES..Do I think it was a great form of revenue for Pace..YES. 

Also, the home is located near the following: major freeway, hospitals and healthcare facilities, located within 15 mins of downtown, plenty of restaurant options nearby, etc.

He's a major hard money lender in town and has a fairly simple process to get quick funding.

I've been a RE developer for nearly 20 years with a majority of my work in the CA market.