The Operating Agreement of the owner LLC will specify the terms of the promote etc paid the GP entity.

There are programs that will also auto-flip to owner's account to avoid shutoff and these resulting situations.In addition to @Nathan Gesner great advice, you should check with an eviction attorney about how to legally keep the tenant from returning to occupy the property or pursuing eviction as necessary.

For REO Owners Deductions Could Be Even Higher!

While owner financing is often talked about, the investor needs to realize that the two main reasons sellers are willing to owner finance, especially to a buyer with no capital, is (1) the property is impossible to sell otherwise, usually because it loses money every month and the seller can’t figure out how to make it profitable and (2) the seller wants an above market sale price and the only way to get it is to finance a buyer.  

im looking to get a HELOC on my primary home but I may need a lender who is friendly with Self Employed business owners.  

Non deductible, Better Proximity securing loans) "ROIsoonest months"        Unknown*  “Cheapest”. 2nd. 3rd     Unknown* Deals, Off Market, brokerage, government, 4thJudicial, Move to USA 1031Tenant Management due diligence   Unknown*Previous landlords Credit score,eviction record, income to debt between 40 and 60%,hours at home,Pets, poor character appearance Ie tattoos,drugs,crime,personality,dirty car.Value Add focal points          Unknown*Raise the rent,Rehab, maximize rooming, section 8, Reducing management “general”Rehab etiquette       Unknown*compartmentalizations & entry,Colours, Lighting, Fixtures & Amenities, floor, bathroom cheaper / kitchens, fixed stylization.

I know I can start an LLC but if I am the sole owner of the LLC, can any one get to my personal property (home, stocks, etc.)?

Owning personally gives you more options as an owner/operator.  

Also, don't forget a good STR company wants to succeed as much as the owner.

That being said, our ninja also has VAST investing experience - as an individual owner of rental property and as a MF investor wearing both the LP and GP hats.