But, an LLC will not limit you from liability in total. 

Hi,  I'm totally new to the game, but would like to learn more about buying an investment property to be used as a short term rental. 

I've had plenty of great people on paper and a totally different person who shows up.

They have provided me with current pay stubs, but after calculating their income, my concern is that their total monthly income falls below the rent threshold.

I wouldn't buy on purpose something that loses money.It all really depends on the totality of your purchase and financing. 

All banking systems rely on trust and without it, they collapse.Trust that your money is in the bank even though it IS NOT.  

@Brandon Turner - totally impressed!

I could sell one of my properties (condo) use, that money for flips in Atlanta within the next 1-2 years build up additional funds to acquire an apartment complex, and to grow my portfolio, but I want to hear from some experienced investors and what they would do if they were in a similar position.Current Picture/Portfolio: Property 1: Condo (Atlanta, GA 30328)Current Rent = $1550/MonthUtility Reimbursement = $200-300/MonthHOA $383 (In line with HOA's for other communities) Purchased June 05th, 2015 and resided in property until Jan 22nd, 2017 (Total of 1.64 Years)Lease Started Jan 23rd 2017 and Lease Ends on June 30th 2018.Current Equity 135,000 (Purchase Price)  - 85,000 = $50,000Current Comps Similar Properties are selling for $155,000 to $170,000Current Mortgage Terms: 15 yr Fixed 3.325% Monthly payment of $996 (Includes Insurance and Property Taxes)Anticipated Total Earnings if Sold at End of July $64,500 (Sell Price $155K) to $78,500 (Sell Price $170K)  Property 2:Town-home (Peachtree Corners, GA 30092)Current Rent = $2000-4000/Month (AirBnB) 60-70% Occupancy since November of 2017Purchased July 28th 2017 and currently residing in basement house-hacking with my younger brother.HOA $325/Month Covers, Water, Lawn Maintenance, Sewage, Security GateCurrent Equity 336,000 (Purchase Price) - 265,000 (Remaining Loan Balance) = $71,000Current Comps Similar Properties are selling for $345,000 to $360,000 due to private/public school ratings going up shortly after purchase.Current Mortgage Terms: 30 yr Fixed 4.326% Monthly payment of $1823 (Includes Insurance,PMI, and Property Taxes.)

I also added four fluorescent fixtures (used) from ReStore to my garage at home - about $32 total, including tubes and spare tubes.The ReStore does sometimes have new windows and doors that were overstocks, or a special order that somebody didn't go through with, or things like that. 

After each property is refinanced I am in an LLC partnership owner of 6 investment properties and a total of 24 units...