We probably waited too long to pull the trigger in that neighborhood, but because I was a novice, I was comfortable paying a little more to satisfy my confidences in the direction of the market. 

Make sure to take advantage of the free webinars. https://www.biggerpockets.com/webinars I have been to a few webinars and it seems that I need to lean towards more of meet ups to ask for advice before pulling the trigger. 

But basically I would search the websites constantly for houses I thought fit me which a small criteria for me as I said above basically under 30k that rents above 600, I have always thought I would be willing to pay more for a rent ready one but never did pull the trigger on any.

Yes LLC is a "coverage" by definition of a legal entity which is not you, and it doesn't matter if the liability is triggered by an STR guest, an LTR tenant or a handyman working there etc.

I would recommend, depending on your level of experience, attending a few Real Estate Meetups in your area and sticking your head in the forums for a while to gain as much knowledge as possible before you pull the trigger on anything. 

I know this post is over two years old but curious to see if anyone here pulled the trigger on properties in or around Gardners Basin.

I am ready to pull the trigger and pursue my lifelong passion to fix & flip… the date has been set for January 1st, 2019.

This moment has been coming after over a year of doubt, second guessing, research, learning, stalking these forums, talking to people, etc. and it's so great to have finally pulled the trigger! 

This would trigger transfer taxes and he would more than likely pro-rate the property taxes.

So when you cash refi within the entity, you will have enough basis because of your refi loan to distribute the cash out of the entity without triggering tax if structured properly.