The examples were very real world and they even provide a lot of excel and word tools for different aspects of the process that I will now use moving forward.They have more that covered specific parts such as project management, development, property management, etc.

Were they supposed to provide you monthly statements and did not do so? 

Things like:- having them name you as an additional insured- having their policy be Primary and Non-contributory- Requiring that their policy provide 30 day notice of cancellation- Having their policy waive subrogationThe Tenant should have General Liability, Professioanal Liability, Workers Compensation, Business Auto, and possibly Accident/medical coverage.

And, cash-flow is not that great, I might break even, but equity is what matters to the game I'm playing.

That's the best advice I can provide.  

I am new to the game with only one previous tenant under my belt.

I responded to the review and contacted Airbnb support, who removed the review for being biased.Next Steps:I’m considering updating our Airbnb policies based on this experience and any advice you can provide.

Please let me know if I can provide more specifics or numbers.I have an opportunity to purchase a fixer upper in a relatively great location.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

While a general rule is that you can purchase property in different states under an LLC formed in another state, you may wish to ensure that the LLC structure and path that you have set-up is appropriate for you and provides the benefits that you are looking for before transferring ownership into those LLCs.