You are a beginner in REI – so get started first, accumulate some equity, get some serious cashflow going, get some experience with managing real estate, figure out you want to do this long term…and then worry about how to layer an LLC cake.

Even if you take a loss on your investment by getting out, it's probably better to part on good terms than having to lawyer-up.  

If the owner was responsible for the booking, and you are simply taking care of people as they are there (you mentioned that it is a BnB), AND your contract does not state any terms for canceling they probably can do whatever they want. 

B) The pros and cons of having two properties instead of one (especially in terms of liquidity).

Other options include regular loans with a 20% down payment or getting a long-term roommate.

With long term rental, we coulnt cover mortgage at all, with short term rental, there was possibility to cover mortgage ans sometimes it did. 

My focus as an investor is buy & hold real estate with long term and short term rentals.In 2022, I am looking to network and surround myself with others in the industry to ultimately help each other expand our real estate businesses. 

But many of those companies (Corelogic, Black Knight) get their data from error-prone sources as well.Data in the real estate world is poorly digitalized and structured, despite the best efforts of programs like RESO. 

While cosmetic fixes can improve the property's appearance, addressing major components like the roof and HVAC ensures the long-term sustainability of your investment.

While you’re at it, replace your hardware, too.Add a DIY range hoodA pretty range hood can make quite a statement, and for a fraction of the cost and a little effort, you can transform your space with your own DIY range hood.