It was a true trade-off as the Logan area is more limited in STRs and new builds so ADRs are higher and likely to stay there compared to RRG where the market is headed towards being flooded and there's the potential of ADRs going down like in Gatlinburg/Pigeon Forge area. 

I have a Capital City Visa card with an 18k credit limit, so to be safe I only put $17,400 as the amount to wire.

Masthope had been rumored to be limiting STR, but it seems they are keeping their eye on the fallout after the big court win in Lake Ariel - https://www.timoneyknox.com/reversed-short-term-rental-regul...

If you live in the house, and an LLC owns it.....there is zero liability protection created by that LLC.

Would that lower our tax liability from other income we receive or no because this is purely RE and not an operating business?

I have learned that in today's world of information you do not need to limit your investment to just markets you live in or normally travel to. 

Syndicated deals can be opaque, with high fees and limited control for passive investors.

•Make sure they’ve got general liability and workers’ comp.

Private Money Lenders are going to be hard for a primary residence as it is an investment and typically they want to see a return prior to two years - also, the house would need to be purchased at a discount which would limit your options on a primary residence - now if you are looking for something that needs some work that you are planning on fixing up, it would be a little more feasible.

Insurance liability, I personally know 2 families that lost their children in home pools.