It’s perfectly acceptable and legit business practice.

For practical purposes, the hoa isn’t as concerned about the “length” of the lease as the fact that you simply can’t rent to another tenant, within 1 year.

My family is mainly involved in medical practice, however this was not something that I wanted to pursue.

Being an introvert is not a matter of not knowing enough but a matter of confidence and forceful articulation.As a mentor on the back pocket of the introvert, it's basically like two people engaging others, a deal, a conversation, etc.That increase in confidence and subsequently conviction helps the introvert to succeed and slowly gain more individual confidence through practical experiences.It has worked for me and I am now paying it forward by mentoring and helping others

There are many practical benefits of taking a business approach to real estate including: ScalabilityBetter true investment decisionsMore profitable investment movesEfficiency in organizationSeparating personal from investment finances, assets, and incomeBuilding substantial additional value within a business entityTax reductionMore free timeWhat does Building a Real Estate Business Look Like?

Start working on your network with local investors (hint: this is practically free).

In TX at least, we don't have an annual maintenance fee; and if taxed as disregarded, your yearly tax preparation would be practically the same as if you didn't do the LLC. 

Standard practice seems to be a fixed deposit amount per unit, regardless of the number of tenants.

On a second related note, a lot of people, like Robert here, also don't know you can use an out-of-state LLC to run any local business, meaning you can pick whatever state LLC is most practical for you.

My practice doesn't offer these services because a CPA/EA usually should be signing as "Paid Preparer" at the bottom due to this service even though he/she hasn't prepared the return.