You are correct that holding the property in your name opens you up to liability which includes holding the property in an LLC that is not anonymous.What structure you want to hold this in which also affects your tax & protection benefits, will depend on your relationship to the other owners, how long you wish to hold the property, where you all live, where the property is located, among other situations (i.e. will this tie into anyone's estate, will the property be sold eventually or is a 1031 exchange the best option, etc.) * I am not an attorney and I'm not YOUR attorney.  

Even though the cost delta between electric and oil is far less today, perception trumps reality for 95% of people; so just the words "electric heat" may affect the marketability of your units.

Does anyone have any insight as to how this might affect - or has affected - the STR business in the states listed above? 

. - He just had to review a single one page document, and complete a one page form).This Year (2020 Jan/Feb):  Looking at a cash-out ReFi for one of my properties, again I reach out to accountant asking for him to "review the deal", and I get a repeat reply, "Sorry, it's tax season, hit me up after April 15th". 

Repeat that cycle until project is complete.

I had originally wanted to buy a multi family & live in one unit, then repeat, but it’s been impossible thus far.

That being said, I was surprised to find that taking on another mortgage didn't dramatically affect my credit score despite being heavily leveraged. 

I26 is not close enough to affect this property, but there are other roads that could be expanding into it in the next 10-15 years.

If the terms of the modification materially affect the terms outlined on the Deed of Trust your attorney/title company might suggest also recording the Modification. 

The Clawback does not have to affect him other than some reporting requirements