We have created an rental operating agreement for the partners within the LLC.Do we need to consult with the Lawyer or legal team to finalize the operating agreement, so that when in need that document will act as a legal document towards our LLC for the members. yes I would consult with an attorney to make sure you have everything in there, for example what if someone files personal bankruptcy, dies wants to be bought out, arrested for fraud...

My concern is that I’m looking for job close by the property but haven’t found any has yet and I’m the only person working right now so it would be hard on me if I leave my job and go to live there without a job.

Hello all,I understand, owning a personal property and living in it for more than 2 years you can be exempt from capital gains.

As far as buying cash, I personally like to leverage my cash to buy as many deals as possible, but you'll find multiple views on this. 

I'm not too worried personally about my properties because the numbers work out for STR, MTR, and LTR, so I have escape routes, but the 1-2 week bookings during winter and summer have been a better path for me than just doing LTR.Article link below:https://buildingsaltlake.com/city-bulks-up-its-enforcement-o...

What are your personal reasons for not working with a co-hosting company? 

I have multiple sales closing next month, but have a situation where Im cash strapped and personally need $5k for less than $30 days.Does anyone do these type of loans not based on credit and fund fast?

You want the tenants to be accountable to a person, not an LLC.

I personally rent out 5 bedrooms in our personal home. 

If you are pulling a HELOC or taking family money, leveraging credit cards, using personal savings it took you years to accumulate, whatever the source of money is - unless the source is endless - start small.