The hard money lender didn’t suggest going straight into a long-term rental loan, but honestly, that’s on me for not digging deeper into the options before jumping in.

You all must agree to the same thing or else you will just end up fighting about what to do.Since your mom doesn't have it in a living trust, I suggest you do that right away.

Seeing out there if anyone has any reading lists or content suggestions for sales or negotiation in Real Estate.

I am open to hear any suggestion or advice to make better investment decisions and get more tax benefits like setting up an LLC .

Do you have any suggestions on how to go about this?

I'd also suggest self-managing your first property to maximize cash flow and learn by doing for any future investments.

If she wants paid for canceled appointments, then I would suggest you look for a new cleaner.My policy is to keep all funds if the guests cancels within two weeks of their stay, unless I'm able to rent to someone else for the same period/rate.

Normally, as @Jaycee Greene suggests, you make a management fee plus a split of cashflow with investors (oversimplified explanation).

I'm just suggesting you be well informed:I loved reading Robert Kiyosaki's "Rich Dad Poor Dad"... it was extremely informative and eye opening... albeit told in a bit of a crazy way.  

I'd also suggest Union City, where my wife and I owned a condo.