You can set it up for cheap depending on your state.

It depends on the rent amount and the difficulty of renting in your area, but I'd generally suggest something more like 50%-75%. 

However, managing multiple LLCs can mean higher costs and administrative work (separate bank accounts, annual filings, etc.).It depends on your risk tolerance and ability to stay organized.

Can depend on what kind of investment property this is.

Let's say EMD is only between $2,000 and $5,000, depending on the deal.

Depends on what other resources he has, both financial and personal. 

To me it really depends on how strong the market is at the time.

Unfortunately, we live in California so we would have to pay significant capital gains if we sell.Hi Scott, depending on the property and if you’re willing to invest in quality interior design, you could make more money as an STR.

(Couldn’t really afford the place, didn’t have good enough credit to be worried about an eviction, etc etc..)2) They should have posted a 5-7-10 (depending on local laws) to “pay or quit” as soon as the ent was late and started eviction.

Depends on community and amentities I'd assume.