I was starting to get a little concerned, I always saw other people investing in this area which I knew came with its difficulties but as long as tenant screening and property checks out I know it would work.

Cash flow will be around 1200.00 before maintenance set-asides.Items of concern are getting to an ARV for appeal due to minor repairs, clean-up, and available cash required to acquire a new place to live.  1.

Aren't you concerned if you install to the very edge of the wall you'll have buckling?

Just make sure you document everything properly, and once the property is in your LLC, it can operate as you described.As for your concern about taxes, keeping it under an LLC is a smart move for liability protection and managing income.

For example, I am a little concerned about some aspects of the business cycle recovery and a potential for a double-dip so I lean toward the safest part of capital stack which is debt (or low-debt equity).

Thank you so much @Greg O'Brien, I just bookmarked this thread, I stayed up until 2am last night trying to find answers to this, confused by different professional opinions and IRS publications.I'm trying to use STRs (rented out 7 days or less with no substantial services provided in which I materially participate) to reduce my W2 liabilities and my biggest concern was if doing this will trigger Self Employment taxes.If I understood correctly, in this situation I can use depreciation losses as active against other active income (which is what I want).

In short, the vacancy concern was far less of a concern than we thought. 

Don't be concerned about appreication after 1 year.

I believe they likely will talk, they share a back deck and am concerned the different rates may negatively impact the relationship if that scenario played out.

Also, anything can happen at any time so, you will need someone to handle any concerns/issues.