I have been doing this and have found an intriguing property that I would love to get some feed back on.I was unable to figure out a way to incorporate the report I created for the property into this post so I created a spreadsheet below to give as much info as possible. 

There are actually 24 incorporated municipalities in Pinellas County, and each City/Town has its own rules and its own red tape.Here are couple of interesting articles on the subject specific to St Pete and surrounding cities:http://www.tampabay.com/news/business/tourism/st-p...In short: "renting a home for less than one month is illegal under city code.

I'd recommend incorporating the cost into the rent.Hope that helps.

We have a 12-unit and another similar sized, mixed-use property in-process which are (will be) incorporated into their own holding companies.Our main reason for this is to provide more flexibility at the time of divestment: we will have the option of selling the property or selling the company {with the latter approach, the existing financing would/could stay in-place ... a selling feature if interest prevailing interest rates are higher at the time}

If your intention is to grow your U.S.A. portfolio, then you may wish to incorporate an entity in the U.S.A. to hold your real estate ... though many/most accountant types (Oh, Steve Hamilton???)

I think to do that, it incorporates a lifestyle choice and/or alternative sources of energy.  

However, when you incorporate being a landlord, there are so many more variables.  

True investing and wealth building can most effectively be accomplished in real estate by buying and holding and then incorporating any number of strategies within that realm.

An LLC may not be the best way for you to incorporate.

I always like to incorporate a few of these questions to build some rapport and find out what the situation on the property is:Sounds like a nice house, why are you selling?