Like a trust.LLCs do not open some magical door to more tax deductions.I tend to recommend LLCs where the properties are located, but then those LLCs are owned by a Wyoming multi-member LLC.But if you think that you can skip fixing that loose railing and hide behind an LLC when the tenant is injured, you'll regret it.

@Jason SullivanAnything is possible but to get the seller to finance a transaction at 0% interest is highly unlikelyHas the seller even acknowledged they would consider seller financing?

There is a plethora of sites on the matter for STRs.

If cashflow is your main priority, I suggest looking for a fund that offers a high preferred return (10%+).

@Ned Carey so I am understanding this correctly, would you recommend not transferring to LLC and just remain in my personal name?

If anyone has any extra tips, I will gladly take them all!

Again, no expert, but I'm sure you could find a few on this site that are familiar with that process.If you're looking for day 1 cash flow, you can probably find a better market.

Can anyone recommend any good note buying marketplace forums for buying/selling. 

The title company will find all outstanding debts.I would recommend you also using an attorney since you don’t understand some of the basics….

Would love to connect if you have any recommendations/advice!