Does your locale affect your ability to do short term rentals; and How does someone getting hurt, injured, etc on your property effect things?

My understanding is that the buyers hold the responsibility of ownership, thus, if they were to injure themselves on the property, I would not be liable for damages.

However, statistically speaking you are far more likely to become too sick or injured to work than you are to die during your wealth accumulation years (25-65).  

Someone get's injured, or worse, dies.

But you need them both.Likewise, insurance doesnt protect and partition off your personal assets if someone is injured on your property.

Are you looking to minimize risk and liability if the carpenter gets injured and becomes a cripple for life on your property?

As it stands if there is a fire and someone is injured the property owner can be in big trouble.

As a policy;never rent to close friendsnor employeesIt WILL become divisive and you will injure the relationship

I don't often hear about people using S-Corps, but that is a question for the CPA.The reason: if someone injures themselves on your property, it will be harder for them to come after your personal assets if that property is in an LLC. 

and a tenant or visitor is otherwise injured or suffers significant property damage, don't think for one second they will hesitate to go after everything you have.