It takes time to answer calls, book reservations, coordinate cleaners, pay the taxes, build monthly statements, etc.

Transferring property ownership to an LLC also comes with legal and tax implications.

Coordinating contractors and staying on schedule were key challenges.

And I also wasn’t sure if it was a good idea to transfer the house into the LLC also once it was formed.

The mortgage & re industry does not want to see seller finances and the banks don't want to see their loans that they underwrote transferred.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

Now he is saying that it's a "second home" mortgage (higher interest rate) because she won't be living there (but if I buy in MD, we still have to pay the state transfer tax because I have owned in MD before.)

Yes I didn’t transfer the service right over to my name, and I’m realizing this is one of my biggest down falls.

Host an open house and tell everyone to show up then so you're not constantly coordinating with a bunch of different prospects.

Do I create an LLC to own the property and use a quit claim deed to transfer ownership?