Eliminate debt, establish a budget, and save.

I am going to respectfully disagree with you on this statement.  

There is a way to do it with respect to all parties, but that's not why people are signing up.

You want a cosigner if they don't have established credit.

The bleeding is now over and you can move on with a quality tenant that will provide you the cash flow and property respect that you deserve. 

A FHA 203k Loan is where the purchase price and rehab costs are rolled into a single loan.Assuming you have a respectable FICO you can buy, with a FHA Loan (3-5% down, a 30 year amortization schedule, and a residential loan rate) AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC/ LLC taxed as an S Corp, or an S Corp.

Our established process provided the financial backing to secure the property, enabling Debra to focus on the resale strategy.

A general rule of thumb though (not a hard rule) is that if a market has a prolonged history of vacation rentals such as towns whose commerce is very dependent on tourism like beach or mountain towns, then there is a good chance than those towns have established their airBNB regulations decades ago and are likely stable.

@Landon Sheveland People do fix and flips while living into the property to classify the property as primary residence and not pay any capital gain taxes. if that is your intention, don't use LLC to establish this as your LLC.If your goal is different compared to what I said above, you can use LLC.

Glue residue can really be a pita, but a judge probably doesn't think so, but will usually respect hired out repairs.