For asset protection, LLCs are over-hyped - you just need good insurance.Set up correctly, an LLC may give you decent anonymity, so tenants don't know you're the owner and can't track you down to retaliate (happened to my manager). 

I knew it was a unique real estate market .. but sadly all the risks I evaluated were correct.

Hey @Travis Biziorek, Correct, I currently have the property listed on Airbnb (STR) and Furnished Finder (MTR).

A couple of things in regards to saving on taxes by utilizing depreciation correctly.

I have made a career of telling people no and not worrying about it because it's the correct answer.On the inside, the core value I push the most is family.

But hopefully it sells quick this time around.As far as Owner Finance, I have tried a few times but not sure if I am structuring it correctly.

This is definitely not correct. 

maybe only be extra $40,000 to build open loft... and I would guess I could possibly charge $2000/mo rent, not sure>>***I was kinda crunching numbers...if I'm estimating it correctly it will take me over 4.5 to 6.5 years in excess rent to make up the cost of building the private loft.....does that seem worth the extra loft cost?

Estoppel letters are signed by each tenant and counter-signed by the owner as true and correct.

With a background, $40K saved, and drive, real estate can be a great path to financial freedom.Good Luck!