I invest in a very competitive market so I feel that it is quite challenging to conquer zip codes, but I will differently take what you’ve said into consideration.

This means that you will need to pay registration and filing fees in at least 2 states if you don’t buy CA property.This article goes into a lot of the considerations about whether to form an LLC or not: https://www.mmpph.com/wp-content/uploads/2019/04/May-2019-newsletter.pdfBe sure to tell your accountant that you may now need to file non-resident income tax returns in each state where you own property as well.

These are uncharted waters so no one really knows how it will play out in litigation. https://www.costar.com/article/247920446/coronavirus-losses-could-trigger-act-of-god-clauses-in-contracts-insurance-claims

However:We are noticing the market is getting saturated with vacation rentalsWe have had to lower our rates to keep high occupancy especially in slow seasons like summerWe added a hot tub to one of our properties to see if it would help bookings - it has but it was a big expenseVacation rentals have had negative effects on communities like Sedona by driving up housing costs and making it more difficult to find housing since most people want to turn their properties in vacation rentalsWe are pretty concerned that the law that originally inspired us to do this is going to get repealed or modified (SB 1350)If I were buying a property now in AZ I would be more careful about pulling the trigger.  

The ones who have made a trip here to meet me, explore the areas of interest, meet property managers, and get a feel for the 'lay of the land' are far more comfortable pulling the trigger on making an offer when the perfect deal comes up days after they made it back home. 

And finally Lender D said I can close with my name and transfer to an LLC, but this may trigger a taxable event, the bank may call the loan (like Lender B said), or an increase in the rate from residential rates to commercial rates may take place or may not even allow the title transfer to an LLC.

I was about to pull the trigger on SmartBnB but there were a few things I wasn't seeing on there.

Just like you don't necessarily want the most over-improved home in the neighborhood, you don't necessarily want the nicest of that type of feature, if you're focused on resale value (as opposed to other considerations, like rent and personal preference).

@Uriel A Leon TrujilloThere are several considerations that can go into the analysis of whether you need an LLC or whether a large insurance policy will suffice.

An LLC is meant to protect your other REI properties from a lawsuit triggered on another property.