It's hard to find a cash flowing rental in this area, but paying all cash certainly helps!

but if i go in a LLC with them i get hit with the tax from the sale of the homeThe GC and the flipper were just going to split the profits from the sale of the home and they were going to pay me 2%/12% for the duration of the build. 

We are building a place with HELOCs then after it is built we will finance it and pay off our HELOC, at least thats our plan. 

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

If this is what sub2 is, then why are people paying tens of thousands of dollars to learn this process?

:)As for LTR rental terms, usually we sign a 1 year lease where tenants are expected to pay Electric and Gas if applicable, while the owner typically pays water/sewer/trash with the city. 

I think RI will continue to appreciate and over time as you(tenants) pay down the mortgage creating more equity.

You have to pay depreciation recapture and gains on the pro-rated time it was a rental.

Minimum of 3 night stays, limited number of STRs in a particular neighborhood etc.You need to get the license and pay the STR tax.

I am looking to get a job doing this, but I am not sure what commission percentage I should ask for or if there is a regular commissions plan out there that everyone pays lead generators.Thank you for any information you can give me.Allan Guerra