So are there reports that I can ask which can tell me the financial health of the company?

Any year I do this in the future there is a 2 year look back for health care cost.

However, I have some concerns and would appreciate advice from anyone familiar with the market or STRs in general.My Key Concerns:Lack of Comps: When looking at AirDNA, there aren’t a ton of comps in the area for properties like the one I’m considering.

Also, the owner expressed concerns over the capital gains tax early in the discussion...so I am thinking the opportunity to do vendor financing will help me get a good purchase price and help the vendor with taxes.  

However, one of my biggest concerns when fixing homes is knowing when to use permits.

If you’re concerned about paying personal capital gains tax, remember that flipping the property means you’ll take the profit all at once, while with BRRRR, you can defer some taxes and have the property generating income.So, here’s what I’d do in your shoes:If you can make a decent profit flipping and then use that cash to roll into your next investment, you might be better off taking the cash, at least for the first project.

If you are truly concerned with liability, these should be your main concerns and focus, not whether to create your LLC in Wyoming or elsewhere. 

I understand your concern it’s always important to ensure everything checks out.

Depending on your financial status and the health of the LLC and investment it holds they may require a personal guarantee, which would also be you signing as your legal name.

As far as the garage concern, it was not included in the lease.