It would expose the property to significantly more buyers and would likely bring you (and your family) a higher sales price.It sounds like you may be treading a fine line with not wanting to cut your broker in on the commission by avoiding the MLS, and instead trying to arrange an under the table deal where your family pays you a fee directly? 

Far too many get stuck in the "paralysis by analysis" stage, thinking they just don't know enough to get started.

In this financing arrangement, this impact is quite a bit less as the seller will be collecting monthly payments instead of realizing a big capital gain event from the sale.Before we get too far ahead, let us look at some of the cons of this creative financing solution.ConsAs a buyer, you will lose your entire investment if you fail to adhere to the repayment schedule just as you would with a traditional mortgage.

They of course will take a cut of the lease (3-6% of the total lease agreement depending on if there are 1 or 2 brokers involved in the arrangement). 

For instance, you'll learn about what TYPE of property does, and does not work for your house hacking needs, while also teaching you a lot about your local rental market, tenant selection & management. ...you might discover that you're completely fine with having two tenants at your HH, but three is just too many...or maybe you'll discover that certain floorplan arrangements do (or don't) work for your style of househacking...I can almost guarantee you'll learn SOMETHING that will help make your next property even more of a househacking success!

@Axel MeierhoeferThis is dependent on what stage an investor is in, what market, and what cashflow is acceptable to them.

I am in the early stages of my real estate journey and am looking to delve into short-term rentals.

Your brother and you are in the wealth accumulation stage.  

So you may want to deed it to a land trust where you are still the initial beneficiary, then in a second stage, assign the beneficial interest of the land trust to the LLC.

@Justin Rademacher as long as you (or perhaps a spouse) have time freedom (the ability to respond and engage an issue when it arises), a willingness to put in a fair amount of time in the early stages to learn an active business and profitability is more aligned with your goals than protecting your time by outsourcing, then yes it’s totally doable.