@Sean Regan We provide a breakdown on scoping based on "required" vs "recommended".

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

It would be far simpler to put the $500,000 in a bank account owned by the LLC and you immediately own a fixed percent.

This would hopefully maintain strong cashflow from the property will providing some capital to use for the next property acquisition. 

[1]    You might want to think about opening 2 FDIC insured savings accounts that have no fees.

We have allowed tenants to resolve past due debts or provide letters from previous apartment complexes confirming that damages or unpaid rent were not their responsibility.

If the electronic lock fails, you provide the tenant with the code so they can access the key.

They should pay just like someone on a regular lease pays - cash or equivalent into your bank account. 

I have a call out to my accountant as well. :)

This can provide a better depreciation benefit than traditional STR real estate.If permanently affixed to land, it qualifies for real estate depreciation (27.5 years for residential properties).Considerations:Zoning laws and campground restrictions may impact legality.Self-employment tax risk arises if you provide substantial guest services.Vacation home rules apply if personal use exceeds 14 days or 10% of rental days, limiting deductions.Audit risk is high, so keep detailed records of participation, expenses, and rental operations.Given the potential tax benefits and complexities, consulting a real estate tax professional is advised to ensure compliance and maximize deductions.This post does not create a CPA-Client relationship.