I'm sure this is probably worth it, but makes it a little harder to decide when to pull the trigger.

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

That will trigger when you put it into an LLC.

You'll also retain liability for any injuries on the property since you're the record owner.FL Bar #86224

Hi allI have missed the initial rental wave for short term  rentals (I was on a sideline) and to lost to pull trigger.

This triggered a negative domino effect of other issues within my personal and business finances.

Didn't read the link so have no opinion on it.There has been no title transfer, same primary insured, so you don't have the triggers that normally make you concerned about a DOS.

I've toyed with the idea of getting into small commercial, but for reasons mentioned above have never pulled the trigger.

Only a couple have pulled the trigger on those so far, but it seems like a decent thesis.A lot of them have continued to buy high end homes for STRs as well.

Come December, I was ready to pull the trigger because Ashley has just acquired her newly minted real estate license and joined the FI Team, and by the time I would close on this property, 12 months would have elapsed since I last purchased a primary residence.Thanks to Ashley and her expert negotiating skills, despite this being her first deal as an agent, we were able to get this property under contract for $10,000 under asking at $665,000.