We ended up buying the house through the more traditional method of an owner occupied loan that is a JV with my daughter. 

The original loan was an owner-occupied FHA loan.3) I also plan to ask the lender to remove the mortgage insurance (FHA loan), since with the value add, I should have more than 20% equity.

The lender on the other hand will not change the mortgage since it is rented and not owner occupied.

I’m thinking my split on a 20% fee of owner’s STR rental income would be 75% + a finder’s fee for new clients of $1000 or 1% of first year’s 20% rental fee (whichever is greater) + 90% of the $1500 listing setup fee which covers all the work of creating the listing, coordinating the photography, on-boarding to channel management and dynamic pricing software + referral fees on rental properties that go to list.

For REO Owners Deductions Could Be Even Higher!

Property owners prefer an experienced operator with a track record4.

Made a deal with the property owner that I would change the property from residential to commercial and buy when that was executed.

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.)?

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.

@Tom Server we have had owner/investors hire us when they’ve actually lived in a property (duplex/triplex) because they did not want to deal with the tenants or have the tenants know that they were the owner.