STRs have very substantial tax advantages compared to other strategies as long as proper tax planning is done.Let’s start by getting an understanding of how rental property loss recognition has evolved over time.

You will have to give them proper notice AND I am unaware of any city or state that allows you to change the lock on a residential tenant.

If you move forward, make sure the LLC is properly set up and operating as a business—especially when it comes to collecting rent and paying the mortgage.Lastly, about taxes—transferring ownership won’t necessarily keep the income off your personal return if you're a single-member LLC, as it's considered a disregarded entity.

Also buying new properties could allow you to create the proper legal structure if you haven't already.

If I were the wholesaler, I would make sure to do proper due-diligence and get the RPD and LBP signed alongside ask buyers to speak to an attorney and seek legal counseling if they have any questions.

I would spend more time making sure that your sponsor is properly incentivized, and that their goals are properly aligned with the investor's goals. 

You just need to do the proper research and have realistic steps to reach your goals:)DM us for more advice.

Perhaps their lease term isn't up or maybe they were not given proper notice to end their tenancy.

In those cases, as long as they are properly remediated, it's generally not an issue, but, you will always have some buyers who are scared away when they see piers, or bracing.

Out of 2,500+ investors we have as clients, only a small handful invest as an LLC.I could see the point to an entity if a group of family members or friends were pooling their money to invest in a syndication or several syndications, but outside of that scenario I don’t see the point to it.But don’t listen to us, get competent legal and accounting advice from those licensed to give you proper advice after evaluating your legal and financial situation and risk tolerance.