On the other hand, self-education through books, podcasts, and free resources is cost-effective but requires discipline and a clear plan.

https://logicalpm.com/new-michigan-section-8-laws-what-can-l...As the article points out, these sorts of laws often result in the opposite of the intended effect! 

Most STR markets have seasonality, and there are untold issues in the future that will effect cashflow. 

I don't know enough about your rentals to determine quality, location, or layout, but I suspect my numbers are pretty close.However, your utilities are pretty expensive in the winter.

I want to know is it more cost effective or easier to purchase the property alone and put it in a mortgage in our name or purchase the LLC from him that holds the property within it.

and you will have many many applicants assuming the quality of the rental and the rents requested.  

These are people whose full time job is to effectively manage the assets on behalf of the investors. 

Then you add the compounding effect of hurricane Dorian and it was crickets.

Is Morris liable for a certain house quality if he said it to the camera but the signed doc says nothing?

Alternatively, in addition to the per diem in § 17 (Possession) for failure of Seller to timely deliver possession of the Property after Closing occurs, Buyer may elect to treat this Contract as being in full force and effect and Buyer has the right to specific performance or damages, or both.22.