Unless you have a clause in the purchase of the entity that clearly makes you responsible for the entity from the day that you buy it(Indemnification) I wouldn't bother with the LLC.Good luck man. all the best!

Purchasing a property for your child while they attend college can be a strategic investment and a great way to provide them with stable housing.

@Shannon VistisenI would definitely purchase it and do it yourself. 

Quote from @Trevor McCormick: Hi All, looking for some advise or mentoring on purchasing a short term rental property in Kissimmee Florida.1)Is it still a good investment with the current prices?

Evicting them, even after purchase, could be a lengthy and costly legal process.

Why add an ADU if it can be purchased cheaper?

I have a question about purchasing a duplex and renting it out.

You can purchase this with a low-money-down FHA loan. 

I understand where you are coming from as we always did our taxes on turbo tax as well until we purchased rental properties. 

My agent is saying that we are unable to split the contract that way (or reduce the purchase price), so I'm trying to figure out options.