I have been utilizing Facebook MTR groups in my market as well and have come up flat.Like I originally stated in my post I am currently breaking even simply with my in season short term rentals, which has been covering my annual expenses.

A win for you, is a win for them, because your growth is theirs as well.

So@Jay Hurst and @Chris Seveney are y'all recommend no LLCs at all or simply an LLC to own the property in the correct state? 

They said it was a lot easier and better to simply create a new LLC to properly match what you are trying to do.  2) So, that is the other route, creating a brand new LLC.The PartnershipThe hardest ship to sail is a partnership, and there is no "fairest way" to do things. 

Remember if you do… The STRs that win are the ones unlike any in the local market and also give the extra bit more of appeal and experience.

For the bathroom renovation, if it is simply restored as repairing the bathroom, expense the $11,000 as a repair for 2023 (this will affect your DTI).

They simply did not know any better when it came to neighborhoods and how certain segments of our society lives and who pays rent on time every time  and who never pays on time everytime.

They'd be a partner and help provide solutions to operational challenges when scaling, we'd bring tech in like Breezeway for scheduling, give them a company card with spend limits to buy supplies, they even ended up landing a deal with a local laundromat to wash and fold there after-hours to make their lives and ours easier.Truly a win-win. 

or am I simply just going straight to an attorney and telling them the verbal agreement and having them draft up the necessary documents? 

How could I create a win-win for the seller and myself?