I can introduce you to a few people who can likely help at Red Stick REI in January if you'd like.

High priced insurance people.  

This is especially important when owning rental properties or managing flips because it minimizes your personal liability.However, many people stop at forming an LLC without considering the potential tax benefits of electing S-Corp status.

People use their own.

Generally the only thing people can opt out of is the political contributions.

I agree with everything @Michael Baum said.Many people, including myself, have used a 10% down second home loan to buy a property used for a STR.

Most people make the mistake on putting to much moey down or use "All cash" and then need to pull it out later at a higher rate.

In the end, I set myself of up a C-Corp > LP > LLC structure after hearing a lot of people were doing simple LLCs and getting double taxed. 

Good for the old tenant and I wonder who thought it was a good idea to do this to people.

Quote from @Chris Primavera: I am located in Ohio and like many people I have researched and read about, tired of the 9-5 grind and putting money into someone else's pockets.