If willing to invest more effort for higher ROI, consider Option 3 (building your own team), though it requires time to establish reliable management.

Typical utility bills (which we include) are $100-300/month.  

Eliminate debt, establish a budget, and save.

You want a cosigner if they don't have established credit.

A general rule of thumb though (not a hard rule) is that if a market has a prolonged history of vacation rentals such as towns whose commerce is very dependent on tourism like beach or mountain towns, then there is a good chance than those towns have established their airBNB regulations decades ago and are likely stable.

:Initial investment:€3,000.00 – Rental contract, First, Last, Security Deposit€3,056.68 – Furnishings/Consumables€1,308.03 – Taxes/LegalTOTAL – €7364.71 Average Monthly Gross: TOTAL – €1820.33Average Monthly Operating Expenses:€127.25 – Utilities€191.10 – Taxes, Maintenance, CapEx€289.15 – Management€1000.00 – Rent (*See Master Lease Strategy) TOTAL - €1,607.50Average Monthly Cash Flow - €212.83Est. months to break-even - 35 monthsObviously, there are a lot more details (challenges, wins, etc.) to this story.

I utilize a PO Box as well.It wouldn't be hard for our tenants to find out where we live (tax assessor's online tool) ~ But for $50/yearly ... it gives me a bit more piece of mind :)

Our established process provided the financial backing to secure the property, enabling Debra to focus on the resale strategy.

It establishes a base that's $40 lower, which all future rent increases are based on. 

@Landon Sheveland People do fix and flips while living into the property to classify the property as primary residence and not pay any capital gain taxes. if that is your intention, don't use LLC to establish this as your LLC.If your goal is different compared to what I said above, you can use LLC.