For example, if 3 members each have 33.3% ownership and one member wants out, its not easy for her to leave (the details are written into the operating agreement). it may not be possible to transfer the membership, and even transferable memberships generally dont allow the new member to have management or voting rights.This is contrasted with a c-corp or s-corp which issues shares of stock as certificates of ownership.

Not to throw more contrasting opinions into here, but I don't agree with the others that setting up the entity necessarily helps with liabilities.

And this for California, contrasts with Idaho, where Idaho law seeks to give Landlords advantages with tenants.

this kitchen doesn't suck, it's the lighting (or lack of it) that's terrible lol like others mentioned, lose the fluorescent and drop some recessed (can-less) lights. super easy to install and very affordable (amazon $100 for 12). the kitchen does need some contrast. i'm not the best at picking colors, but we did ours in blueish gray with white cabinets and it looks fantastic. trim would make it pop as well. 

Contrast that with great photos I've seen on Airbnb which enhances the property's look. 

In contrast to @John Underwood's experience we have not found tenants with pets to be any more or less responsible (we screen pretty thoroughly), but we have found the wear and tear on the properties to be significantly greater.  

In contrast, bad tenants don't like the MTM leases (another form of self-screening) because they know they'll be out on their ear in 30 days.

I've purchased properties through roofstock and the contrast in service from one purchase to another was a big decline.

Also in my limited experience of calling around to start inquiring about a business line of credit for my portfolio the due tend to be shorter terms and interest only, this contrasts with a HELOC which has a more traditional and often longer term amortization associated with it. 

I don't really wish to compare and contrast Texas with California in this conversation though, because that sets my bar very, very low.