You'll likely need to be there a lot meeting contractors, agents, tenants, so you'll want to be close. 3) SFH vs.

@Steven S. google Air Mac they service much of Northern NJ they have done work for me in the past and even fixed a past contractors error two. 

@James McGovern I typically only work on 1-2 projects at once because I only have one reliable contractor.

And from the other cabin owners we've talked to, it is a common problem down there to find a good contractor/handyman.

Get firm quotes from contractors for the renovation work to ensure your budget is accurate.

All your go to contractors should have a copy of that key as well.

You are behind the debt, as is understood, and behind any contractor liens filed on the property.  

It is also relatively inexpensive compared to LLC formation, upkeep, and yearly registration/possible tax.The #2 point that makes this a mute discussion is you are not going to be able to move a property underwritten by a GSE (as most mortgages today are) into an LLC legally. 

It’s as if you gave the money to every contractor who suggested a repair. 

For your scenario, there are no one time close options for something like that, but I wouldn't do a 1 time close anyway because they are an absolute nightmare for clients and developers/contractors who actually want to get paid in a timely manner generally.