The HOA will charge you $300 per month for non-compliant rentals, and the HOA is extremely strict.

Apparently, it's extremely difficult to evict a person even if I am living in the property.

Correct Mike, because of growing costs for new construction, all homes under $300K are in extreme demand.

I could go on regarding insurance, taxes, etc.Partnerships are extremely hard to execute well, and there is nearly always a better way to structure things to give all parties the things they want without the entanglements they don't.Just a thought...

An extreme but good example in the above post.

@Robert McCormick As you search for single family homes in Northern NJ you’ll find the same challenges as looking for a duplex: high prices (and climbing higher even during the pandemic right now), extremely low inventory, or major work needed.

And living here in the city in the present here is extremely difficult for the folks who are clearly in marginalized, substandard living conditions.

That is extremely helpful as I have been trying to navigate the STR zones and it seems very complicated to make a STR work at this time.  

He provides extremely helpful advice that, had those folks followed in the first place, they may not have lost a dime.

From a tax perspective the ideal result would be for the entity to be separate from myself as Australian tax rates are extortionate and my income is already in the extreme brackets of that, if it's possible to only have it be US based that is the ideal result.