Padsplit (never used it myself) may be an option.What I would try is to look for a family member who wants to have some privacy, and is willing to still come inside the main house (and pay some rent), or try to get the space permitted.

Also, the state of formation is likely where internal disputes would be brought among LLC members, so if you and a partner and/or spouse live in CA, you probably want to arbitrate in CA if the two of you had a disagreement.

You can't rent it to family members either.

It is important to note that my business partner is a family member and we are aligned on pursuing whatever strategy is most optimal for our main goal of acquiring as many properties as possible collectively, regardless of ownership percentages on paper. 

If you have any questions or want to talk options feel free to reach out I always enjoy helping Bigger Pockets members save time and money.  

I'm here in Orlando too and have helped dozens of B.P. members purchase STR here.

If someone were to slip and fall or otherwise hurt themselves at one of my properties  due to a premises liability issue, the plaintiff's counsel will file a claim against the deed holder regardless of whether I am incorporated in PA as a single member LLC or through an entity structure utilizing LLC's from states that may have better privacy laws, the deed holder entity is layered or any of the other strategies often discussed in these forums. 

With the help of my partner I began a networking group which now in less than a year has over 200 members and regular attendance of 40+ individuals a meeting. 

It really depends on your specific situation.It's good you're thinking about the operational and bookkeeping component for your financial account structure to make things easier on yourself and any financial team members you have or may have in the future.You're ahead of the curve!

I am a new member and was wondering if any discount codes are available for pro membership.ThanksKevin