I go and stay at my STR a few times a year to check in on the property and make updates or repairs where it is needed.

@Robin CastilloLLCs are useful for legal protection, but they require separate tax filing, typically cost several hundred dollars to create, and most non-commercial lenders will not lend to LLCs.Commercial lenders will lend to LLCs, but their interest rates are significantly higher and they require collateral that regular lenders don't.I would not create a LLC specifically due to the issues in getting a traditional mortgage it will likely cause.One potential route though, is to get a traditional mortgage in your name and then assume the loan after a 6mo "seasoning" period with your LLC.

Update: I decided not to go on with this deal. 

You gave the required notice within the 30-day period.

Get estimates from contractors for adding a separate entrance, a kitchen, and updating the bathroom. 

Former Lifestyles trainer Steve Davis has started this and has some Dallas trainings and meetings periodically.

Figured I'd update this post since it's official that Nevada will be the location for the gigafactory.  

Smaller properties are cheaper to update or can use higher quality materials.

Daniel needs to disassociate himself from Jonathan.Hence, looking for alternative recommendations for my next projects.I wanted to provide an update, in case it helps anyone.

There is no 30 day close with a 21 day inspection period haha