I’m looking to invest but want to the numbers so it make sense for the seller as well. 

With the lower LTVs offered by senior lenders these days, it may be tempting to look at preferred equity and it may make sense since technically it is cheaper than LP equity, but also keep in mind they have a higher liquidation preference (obviously) but will often want all the cashflow (or a majority of it) to come to them before the LP investors and will also want large reserves, so make sure you model out the cashflows and understand the end-to-end deal with the preferred equity investors.We have some institutional investors with whom we did a combination of a pref and JV deal and it worked quite well for everyone including them and the LP investors.

Given I will only have one MTR and Hospitable is $59/month it makes sense for now.Again, thanks.

It will not make sense for everyone, but definitely an option to consider.

Hard to say which would make more sense without knowing exactly what you're looking for but feel free to reach out if we might be able to help.

It is such an incredibly simple addition it makes no sense that this is so complicated.

You are going to blow a lot of money for a false sense of security that a good insurance policy can protect you from and save you thousandsThe LLc is the most overused and money waster used on single family rentals.

The LLC for the property management business and LLC for the STR business makes sense, and if your looking to scale this is a good "top level" that can own properties underneath it. 

So my personal take: If you feel like having a non-contingent offer will allow you to be more competitive and save $10k+ on the new home because of a bidding war/multi-offer situation, then it may make sense. 

I’d recommend spending 20-30 minutes researching local competitors to get a sense of what their cleaning fees look like.