I don't remember the exact term, but there is a category of insurance providers...

High paying local jobs.Monthly cash flow: $306 /moIncome:  $2,250 /moExpenses:  $1,943 /moCoC ROI: 2.69%5-year annualized return 4.91%   Mortgage payment $1,394.53Rental income: $2,250/mo Expenses: $1,943Loan detailsTotal cash needed $136,739Purchase price$ 336,990Loan amount $206,990Loan term 30 yearsInterest rate 7.1%Monthly expense breakdownTotal expenses $1,943Mortgage $1,395Taxes $280Insurance $47Variable expenses  $180Fixed expenses $42Monthly Fixed expenses: $42 electricity $0gas $0water & sewer $0hoa fees $42garbage$ 0Other$ 0Monthly Variable expenses $180Vacancy $180Maintenance $0 (new construction)CapEx $0 (new construction)Management fees $0 (self manage)ReturnsNOI$ 20,412CoC ROI 2.69%Pro forma cap 6.06%Purchase cap 6.06% 

We have great long term residents in our POH rentals and do very well financially with them. 

In terms of legal perspectives: I found several AriBnb in the areas that I'm interested.

The recording can typically be executed within 2-4 weeks of closing with the title company, there is a typically a cost associated with the recording.Any similar experiences or cautionary tales regarding the use of an LLC for an investment property or STR acquisition?

They already agreed to the sale price and payment terms.

Efficient negotiations secured the property for $200,000 on favorable terms.

If it has gone up and down rapidly, then that indicates a boom/bust market (typical in areas without a diverse job market such as areas where all of the jobs are in tech, energy, manufacturing, a single employer or supporting those workers for example). 

Are you looking to invest in short, medium or long term rentals? 

I am today years old in terms of this forum and it's already provided a wealth of super useful information.