In fact, there're several "layers" of restrictions, including "at-risk" rules, basis rules for pass-through entities, hobby rules, new (as of 2021) "excess business loss" rules, special rules for Section 179 and business interest, self-rental rules, vacation homes rules, and more. 

Plus, having an LLC in place from the start can streamline the process of acquiring and managing properties under a business entity.

Mitch - A Good Strategy however; Can an ENTITY (your corporation) be designated as AIF - Attorney in Fact for INDIVIDUAL borrowers who's loan is being paid off?

So the govt entities can't come in and change the laws to restrict or prohibit STRs from operating like they are in many other areas. 

Have a master entity, a corporation, that manages a series LLC and one other holding LLC.

(FWIW, be sure you have them add you or your entity as additionally insured.  

So I just created an LLC and it was formed with the State about a week ago so I have a little under 70 days left to decide which tax classification I would like to elect before it is defaulted as a disregarded entity, for a single owner. 

  ( I'm not interested in opinions on LLC ownership or pass through entities and the various tax advantages of those structures - It has to be a C-corp (but thank you anyway)). 

Not just STRs.That's why if you've been through the trenches of defending yourself you wouldn't just mock the liability angles of protecting your investments beyond umbrella insurance, you'd know how to form entities and keep things separated appropriately.

William, I can so long as you have both the A-B contract and the B-C contract in place as well as the short sale approval letter (if it is a short sale) and the financing approval from your C buyer (if they are not all cash).I can provide the transactional funding in any state, but your offer in the A-B contract must be in the name of an entity, can not be in your personal name.If it is already, we need to speak first.