For example, incorporating energy-efficient solutions and smart home technology has been a game-changer in similar markets, especially when paired with features like office spaces that cater to remote workers.As for potential add-ons, corporate housing partnerships are a brilliant suggestion!

The apartment sale price 275k, loan amount 261k with 19k grant, no money out of pocket. after rehab rent 1850-2k month for location. my home 4 bd 2.5 b worth 217-230k will rent for 1800-2k month.

So the only money out of pocket is any closing costs that don't get worked into a new loan.

Find the money and find the deals.

second was Hard money it was legal then. 

At least you'll probably get most of your money back when the deal gets refinanced or sold.

My mother originally agreed for me to refi some money out of the equity of a house we co own but then she changed my mind after I signed the contract on the guesthouse.  

That likely means that they are not good with money management which you are likely expecting from him.To answer your question, if you are doing long-term rentals, the LLC taxed as a partnership is likely the go to route.Best of luck.  

However since this is our first rental, we are getting cold feet and suspicion that it might be a money pit or go wrong drastically.

You mean I have to spend money on the place after I buy it?