Or can you still run everything through your personal return (just want to make sure that I can deduct things such as HOA fees which I can do if it is a rental).2) If I do decide to run everything thru my personal tax return (save on LLC fees), should I at the least set up a separate bank account to track costs separately?

.- You both report your share on your personal tax returns and pay taxes based on your own tax rates.3.

Saw an ad on Craig's List, I negotiated the deal personally on the first meeting.

It's about path's custom tailored to the persons. 

From what I have researched they seem legitimate but the person I am working with is flakey, takes forever to answer questions so I thought I would see if anyone else had experience with this lender.  

Buy a few things on credit that you would just usually pay cash for.I personally would not rush into a Heloc or such.

Hi Bruce, i'll start by saying i'm a mortgage person, so please understand the context in which my response is coming from. you'd need to create CC&Rs/bylaws and establish an HOA in order to do this.

I have a friend that owns over 60 rentals in his personal name and he's never been sued.

It's led to incredibly high occupancy rate in the off-season, but I'd rather have a slightly lower occupancy rate in order to reduce wear and tear and leave some weekends open for personal use.I'm at a loss on what to do about this.

As a person who has lived in NC & SC and Phoenix, I would highly suggest AZ.