Taking a boiler plate contract is not going to be helpful as they're typically customized to people's needs/wants.

Florida homesteads have no cap on the asset protection (I don't know Utah's laws), so for folks like surgeons, I would set them up with an equity line rather than a first mortgage.

@John Underwood It's a 12-month lease, and they want me to extend it actually to a 24-month lease or longer, which I told them I'll do after a few months just so I know the property does well for the area.A lot of landlords like to be hands-off when it comes to their properties Airbnb is a combination of customer service, property management, and so on.

The 70% LTV and 3% origination cost you mentioned are typical, but they can definitely vary depending on the lender and the specific deal.Regarding the LLC or Trust, you're right, it's a good idea to explore those options for asset protection and potential tax benefits.

Also to have a lease agreement in case things go wrong you have a way to protect yourself.  

If the purpose for the entity is liability protection, you should be having a conversation with an attorney.If the purpose for the entity the accountant should be able to provide any feedback if there is any tax saving opportuities with the LLC formation.Best of luck to you

Investment mortgages, like DSCR loans for investment properties, typically come with prepayment penalties (PPP) to protect against prepayment risk and the keep portfolio CPR in line.

I know nothing about ME law specifically but I assume that can be done in accordance with local customs… Either by obtaining a court-certified copy of the original easement and re-recording it with all of the required signatures OR recording a confirmatory deed of easement which spells out the error and corrects it by including everyone who should have signed the original. 

Extended kitchen cabinets to ceiling to help look custom, changed all light fixtures, added cabinet hardware to cabinets, added accent walls, added swing to front porch.

Emphasize that these extra steps would protect both the property and your investment.