I won't bash them too hard, because once in a blue moon there are actual deals you can come across, but having a second filter/eyes on the deal can really be great insurance against buying a dud.

The lots themselves are located on a State Owned and Enviromentally Protected Lake, would there be extra considerations made?

We feel this doesn’t protect us from tenant damage (e.g., stolen smoke detectors, fire extinguishers) or cover costs for anything beyond normal wear and tear.

It's so freeing when you open your eyes to how much better your business can be without them lol.

I'm interested in renting out rooms and would like to know what provisions are people including in there leases to protect themselves and their tenants.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

With conventional financing on a primary residence, you can put as low as 3.5-5% anyways.LLCs are more for liability protection over tax purposes.

LLC is mainly about liability protection.

I'm going to put this on a list of leading indicators/warning signs to keep an eye on.

However, if new tax legislation is passed, it could extend or change these rules, so keep an eye on any updates.