People wanting 3 bedrooms usually have kids and I don't think that you're going too find many families that will want to live with another unknown family.The bathroom situation is going to be a problem.

I am relatively close to hospitals on the East side of Cleveland, as well as other hospitals in other surrounding cities, so I think that I am in a good location for this.

I’m really just looking for confirmation on what I think I know, advice, clarification.

I would think 1-2% increases for expenses make sense.

Upgrades/repairs include:flooring (tile and carpet, entire house), painting (entire house), complete kitchen renovation with new appliances, cabinets, sink, lightingcomplete bathroom renovationsupgrade/replace ACupgrade/replace existing hot tub  upgrade/replace furniture/bedsupgrade/replace old pier with newadd new kayaks, paddle boards, and bikesI am thinking anything that is removable (furniture, appliances, water toys, bikes, pier, etc) could qualify as an asset for the LLC and thus be used as a tax expense for the LLC.  

What my thinking was, right now llc rent income is only $57600, however if I use the same LLC to manage other properties also then, including all the rent (short & long term) my llc rent income goes to 250000.

I think they call that a long term rental. :)Seriously, it will be treated like a LTR.

(I think)Talked to some title companies and they say i can feed it to my wife, then do a cash out and pay the other heir.

Thinking of putting some modular multi family units out there. 

Eventually we would like to fix up the short term rental in the Smokies as well, thinking that we could do this for approx. $5000.