Contractor is my regular HVAC guy and he knows the routine.

If the condo board makes an assessment like the OP describes against each owner for a routine maintenance item like ocean sea air degradation to exterior, then the owner would be out of pocket and have no choice.

Also, with tenants make sure to get everything in writing (i.e. lease, even routine maintenance items that you fix in their unit).

Every time, no matter how fancy I structured it, JV's, LLC's, corp's, every time it has been a HUGE pain in the azz, with conflicts and bs.

Emailed him that I changed my mind and I will blow it all on a fancy vacation and a big screen TV, to please reconsider my application :) I do not expect a reply.

You want to work with a company that provides excellent guest communication around the clock, pays and schedules service providers, verifies their work to ensure quality, and handles routine maintenance and restocking.

I even went with her to pick up her horses at the fancy place they were at and hauled them home for nothing.

Sure it's better to start with something more fancy, but if you're organized it doesn't really matter what you do when you're getting started.Along the topic of organization, the biggest thing is setting aside time weekly to update your books.

I also, and this is just me, think that if a property routinely rents to the first person who views it (and that person is super excited about what a good deal it is) it's underpriced.

Because states like to keep control over land in their jurisdiction, many states will only apply local LLC protections, and ignore those fancy WY or DE laws.