IT will only complicate your access to cash and leverage without having any positive benefits.

If this is answered elsewhere or if anyone knows of a blog post or video that addresses this, please share.I might be overthinking or over-complicating this,.Thank you,

Trying to find a good site to use .

BetseyWe have listed our properties on Google Business .Since doing that, we are running about 50/50 of people coming directly to our web site and going through HomeAway ,VRBO or Trip Advisor or Flip KeyOur Season is almost 85% word of mouth. which really helps cut down booking fees.We have seen and been told that during season once guest find a place they book for the following year because if they don't they won't be able to get in.We have been doing this going on 3 seasons now, when we bought the place we inherited a couple of guest that have been staying on the property.

People elect to be taxed as S Corp to save on self employment taxes, but rental income are inherently not subject to SE tax, thus S election is not needed.S Corp also complicates the transaction if you ever want to sale. 

Their site looks nice and pretty transparent, although the FAQ about pre-payment penalty is a bit vague.

Company handling the daily operation y'all do not have to be on site everyday.Good luck to you both!

I am having trouble searching for distressed properties in the area as the conventional sites like Zillow or Realtor.com have limited amounts of listings.

@Diana JohnsonThere's an almost uncountable number of posts and blogs covering the 1% and 2% rules on this site.  

Here's a copy and paste directly from the site: There are two types of loans: general purpose and residential (for the purchase of your primary residence).