It covers all the counties in California. every county is a little different.New home builders generally charge all closing to buyers, and then give them a credit back for closing costs if they use their preferred lender or some other reason.

(Make sure you turn on the Class Feature in the Preference Section of QuickBooks).When you set up your properties as a class, and you invoice your Guests for the rental term, you will choose that vacation rental from the class feature of the Invoice.If you have repairs or expenses for each vacation rental, you will write a check and choose the correct vacation rental from the class column on the check. 

Also I will have to find somebody just to collect the rent from individual condo unit- have no idea where to look for him?

My preference would be to get a fixed rate mortgage and use that leverage to buy some additional property.

I'd prefer to use a bank over an attorney firm.

from my point of view if your an individual and not partnering with folks who ever is going to sue you is going to name you personally.. this is where you need good insurance to take up your defense as your first line of defense.whether they have the right to sue you is immaterial.. or whether they will prevail is immaterial.. if your operating as a group or partnership and have clean records this can limit your exposure to your ownership.other than that  retirement accounts should be maxed out they basically cant be touched... certain trusts.but just LLC labyrinths like you mention.. those are not going to do it for most or.. you will spend a ton of dough fighting to make the position they can't sue you. when suits happen everyone is named .. that's when you need good insurance to handle your defense.

We absolutely love it here although we overall prefer road life.

Fredericton & Moncton have always been our personal preference for commercial & multi-res. 

The individuals that make up the BP community is one of the many reasons I committed to BiggerPockets.I am open to all recommendations and advice regarding real estate investing.

It's personal preference.