The tradeoff on the joint financing is going to be the (refi) costs associated w any transfer of ownership, HOWEVER transferring title to the LLC is unlikely to trigger due on sale (b/c it sounds like most banks simply aren't monitoring and/or enforcing due on sale in these instances) which would make the ownership (sans the actual mortgage note) more easily transferable than exiting your position as an individual owner?

Poking fun (bashing them seems a little harsh wording) of their claim really is not overtly harsh.  

It would be a big mistake to pull the trigger on a property in an area like that.

You was a little fast on the trigger to go scorch earth.

Thank you so much @Greg O'Brien, I just bookmarked this thread, I stayed up until 2am last night trying to find answers to this, confused by different professional opinions and IRS publications.I'm trying to use STRs (rented out 7 days or less with no substantial services provided in which I materially participate) to reduce my W2 liabilities and my biggest concern was if doing this will trigger Self Employment taxes.If I understood correctly, in this situation I can use depreciation losses as active against other active income (which is what I want).

Your management has to be top notch, your marketing has to be top notch, your pricing has to constantly change with the environment, your design has to be incredible and the photos have to trigger that booking response.

I have listened to the BP Podcasts for a some time now, and thought I would pull the trigger on joining the community!

Obviously you'll want to check the math on all of this before pulling the trigger. 

When a property is sold it triggers an inspection to get the property up to code.

If you receive any boot (like cash or non-like-kind property), then some of that recapture could be triggered and taxed.