But an attorney would provide articles of incorporation and an operating agreement along with the LLC to designate it for your tax or legal needs that are important to you.   

I own a short term rental vacation rental management company, we are the largest operator in our area with about 50 listings under management. 

Hey Andrew - I am not a tax or legal expert, but on similar deals I've done to this I set up an LLC under me and my partners names with a clear operating agreement and who is entitled to what profits.

Don’t go with battery operated Security Cameras for your smart home setup.

Another possibility is renting it to a business venture that will run a stable operation.

It hasn’t been operational for many years.

I’m going to just be a money partner rather than operating partner.

This will provide similar protection without the operational hassle's of an LLC.

Thanks,It looks like a nice cash flow type rental.Too bad it's operated so loosely.I suppose he will have to fix the electric now that it's become public.Old cloth covered arcing wire = a potential fire.I would not be surprised if he gets a ton of offers to buy the place now.A little more curb appeal and it would be a very "cute home".Just my 2 cents. 

I've gotten to the point where I think it's best to have someone else handle the tax side of things - we are starting to get a little complicated, and will only get worse from here on out lol.I've previously taken care of everything myself when it was only 1 or 2 doors, operating as a sole prop, but now I have enough properties and have been doing a decent amount of reno/rehab to warrant 1099s going out and all that jazz - I figured it was time to find someone well versed who can handle such things instead.Any recomendations folks?