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. 

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

Challenges?

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.

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. 

Challenge is that I have an exclusive agreement with the seller because they wanted to list it, but changed their mind.  

That's the challenge with doing a 1031 with multiple properties.