You have to set up an HOA.

This set up would not be a good fit for 4-6 separate families driving different cars. 

Currently, I'm in the process of setting up my entity (C-Corp/GP/LP/LLC), and I have a few questions:1) What is the required down payment, and which documents are necessary for the financing process?

Loss of Rents - make sure the limit is enough for 12 mos. rental3.

And we still have several years to hit your age that you would like to have as the limit. 

In-state, out-of-state, doesn't matter, there is nothing wrong with that set up. 

My current CPA is saying because I make over a certain amount I am limited to what i can write off .

Your running a business with an STR, it is not a set and forget strategy.

Particularly be sure to include your goals for real estate investing so that folks can help you. 2) Follow your favorite forum topics and set up keyword alerts!

The home needs very little work, and was renovated already to be set up like an air bnb.