Then when incorporating the subsidiaries, specify the subs to be wholly owned by the holding company and list holding company as the owner.

Observation: if you have a corp, your State of incorporation will likely charge an annual minimum fee.  

Some of you folks who have been doing this for a while can look in the past and use actual data so that you can incorporate actual repairs and actual vacancies.

At the moment, my main focus is on finding a qualified contractor who could provide a comprehensive quote for the various issues that have been identified throughout the house.I have a few specific questions that I would greatly appreciate insights on:Is it a requirement from the FHA to address these issues prior to finalizing the loan agreement, or is there an option to incorporate the repair costs into the contingency and have them resolved after the closing?

@Austin Works There are different trains of thought regarding how many LLCs to incorporate.

Make sure you find someone that incorporates tenant screening!

The hard point with an adaptive reuse is when you need to incorporate the appropriate staff for the extended stay hotel angle you need the property setup (reservation desk, offices, etc...), additionally there is a marketing aspect to target the people who would be utilizing the short term stay yet longer than you would with a traditional extended stay hotel. 

@Robert Whitelaw - depending on what you are looking to spend there are companies like Curaytor and Commissions, Inc. which incorporate web sites, back end functionality and assistance with lead gen through regular means and Facebook.

My lease is solid and does have provisions for collections agencies to incorporate their fees. 

We have been in business for 5 years and are becoming the premier name in corporate leasing.