You just can't beat the simplicity and it is the most hands-off business model I can think of maybe short of just holding the note.

As @Brett Synicky suggested, keep it simple, as a sole proprietorship.You are also not considering that you will have to pay $800 per year and per LLC to your greedy state.In short, get some professional advice instead of TikTok advice.

Hello,I have had a short term rental that is not compliant with my HOA. 

I've worked with tenants in a similar fashion and ended up feeling ok about it but it was short term, over the course of a few months and they paid me something the entire time. 

It’s important to note that short term rentals depreciate differently than long term rentals.

@Jon Martin  I agree and in short term its just not worth what you will get in reviews for something like this. 

A lot of my clients buy in Alexandria because of the strong rental market and laid back laws on short and midterm rentals. 

that is more a RV park. the MBH parks down here. we typically own the land, lot, and trailers. there is a reason but long story short, if i just own the lot and they dont pay the fee. i do not have the biggest teeth to push the need for my money. but if i own it all, my experience says it is a better path

Welcome to BP and come on over to the Short Term Rental part of the forums.  

I would think with the HELOC, I could run with that until I can do a refi and with the interest rates starting to come down, there should be some gains to be made and I can repay the HELOC in short term.