@Mark Thiel This is not legal advice but I think most LLCs are overrated unless you are required to have them for lending like with many DSCR loans.

Quote from @Mark Berge: Can I ask why you want to rent out a short term rental instead of buying or renting out a whole unit that you already own to a tenant on a one year lease?

AND THEY CAN SCREAM EASY AT THE TOP OF THEIR LUNGS IF THEY WANT.BUT GO AND CONVINCE YOUR NEAREST RELATIVE TO SELL THEIR LARGEST ASSET WITH YOU AT ONLY A 5% MARK UP AND YOU HAVE NO IDEA HOW REAL ESTATE EXCHANGES WORK. 

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Then he got "too cool for school" and became a free man again.When you click the quote button, you can delete any text you don't want to include and only leave the text you do want to quote.

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Mark every home that looks like it needs some work.

I pay my mortgages through my banks App and there is a button I push that switches it from the monthly payment to being able to allow for a one-time principle only payment.

If you're wanting to use a GC instead of running the project yourself, then I'd ask a couple in the area what their mark-up is, and calculate using those numbers. 

Sometimes property managers mark up materials or labor without fully explaining it.