Hi, I own/ operate handful of residential properties in the Marion county / sumpter county area (within 30 minutes of the villages).

You will want to structure the LLC operating agreement where the lowest credit scores own the least in the LLC.

Just make sure to account for any additional operating expenses when projecting your cash flow.

When analyzing your offer, make sure to factor in operating expenses, rehab costs, and vacancy rates.

Quote from @Bob Dole: Quote from@Ronald Rohde:  It represents more risk than they need to take. unless its a gross operating business like multifamily or SS, single tenant has a lot of risk already. 

Depends on what kind of property you are operating.

@Dennis GallagherIt's my understanding that the "Income-Expense Ratio" primarily use operating expenses as the expense variable, which includes costs like utilities, property taxes, insurance, maintenance, repairs, property management fees, and trash removal, all of which are considered when calculating a property's operating expense ratio (OER).You calculate OER by dividing the total operating expenses by the gross operating income of a property.

@Saika Maeda Permitting the ADU allows you to claim depreciation, operating expenses, and other tax deductions, potentially reducing your taxable rental income.

You mentioned that you're not interested in grants or fundraising, I'm curious what type of operating budget and actual program you have in mind.

Because there is so many novices who jump into STR without the skill, knowledge, ability to actually operate it and rapidly are bleeding-out.