Now I hold and rent out as a short term rental.For clarity this is not a rehab project, this would be me just trying to refi without adding value.

Keeping Track of Payments:**To ensure transparency and clarity, consider using a reputable third-party escrow service to handle the payments.

I'd love to see full picture context of inventory in other markets like I have here, I bet ya it's a common theme....For some added context and clarity, below is what the #'s show when I add new-con into it, we get to 1.3mnths inventory....Expanding things even wider to add condo's condo-townhomes, any/EVERY residence type under the sun....

At the end of the day, I think we need clarity into what you are purchasing.

Let's break down the pros and cons of each approach:Forming an LLC in the State Where the Property is Located:Pros:Compliance with Local Laws: Establishing an LLC in the state where the property is situated ensures compliance with local regulations and laws specific to that jurisdiction.Legal Clarity: It provides clear legal jurisdiction and may simplify any legal proceedings related to the property in that state.Perception: Operating with a local LLC may give tenants and local authorities confidence in your commitment to the community.Cons:Additional Costs: Setting up and maintaining an LLC in another state means incurring additional registration fees, taxes, and possibly hiring local legal counsel.Administrative Burden: Managing multiple LLCs across different states adds complexity to your administrative workload, including extra paperwork and compliance requirements.Tax Implications: You may face tax obligations in both the state where the property is located and your home state, potentially leading to double taxation or complexities in tax filings.Managing Through Home State LLC:Pros:Simplified Management: Handling all properties under a single LLC streamlines administrative tasks, reducing paperwork and simplifying tax filings.Cost Savings: Avoiding the need to establish multiple LLCs in different states saves on registration fees, legal expenses, and ongoing maintenance costs.Consistency: Uniformity in management practices and legal structures may contribute to efficiency and ease of operation across your real estate portfolio.Cons:Legal Exposure: Operating out-of-state properties under a home state LLC may expose your personal assets to the laws and liabilities of the other state, potentially diminishing the liability protection the LLC offers.Compliance Challenges: You'll need to ensure your home state LLC meets the legal requirements for conducting business in other states, which could involve additional filings and fees.Perception and Credibility: Some tenants or local stakeholders may prefer dealing with a landlord who has a local presence, which could impact your reputation or relationships in the community.Ultimately, the decision depends on your specific circumstances, risk tolerance, and long-term goals.

So would you rather buy a property with TOTAL CLARITY of the #'s, who's getting paid what, when, how, why....---- OR ----Buy a property via some yahoo that just says "it's a great deal" and gives LIMITED vision of the #'s, deal, who get's what, etc etc... 

If there are any SC RE agents that can provide me with some clarity on this subject matter, it would be greatly appreciated.

OP (original poster) also does that but additionally wants to have properties paid off.Lack of clarity. 

@Craig LesslerThere is no 100% clarity on the tax treatment of short-term rentals, and accountants disagree on some issues.Here is where we mostly have a consensus. 

Clarity is key as we certainly do not want our members getting false or wrong information which is what that video regurgitates - outdated and improper info.