STRs tend to suffer during downturns and this will be compounded by the avoidance of non-essential travel by many Americans.

However I would suggest that an asset protection, real estate savvy attorney draft your operating agreement as it would be the most important document in case of lawsuit.

Now I read somewhere that if my mortgage is still in my name, and not transferred to the LLC name, then its of no use and I will not be protected from litigation. 

It is the government’s way of trying to protect the public.

So sounds like you are definitely suffering from a case of lack of education.

The thing with wholesaling is that your margin of error is a lot thinner because you typically don't have any contingencies in place to protect your earnest money.

If as stated above my fiance and I pay off the mortgage and my brother, is it possible then to have my brother quick claim deed to our established LLC without suffering any unforeseeable tax implications if we do it this way?

This does introduce extra complexity, additional financing overhead, etc... but best protects *both* your long term interests.Good luck!

Not much you can do if you do not get cooperation from the tenants in a normal situation never mind when they have local laws protecting them. 

The design criteria and review processes contained in this Chapter are provided to protect and maintain the established character of all residential neighborhoods within the City.9.43.015 OBJECTIVESIn order to maintain neighborhood compatibility, any proposal for construction within a residential zone shall comply with the following objectives:(a) Natural AmenitiesImprovements to residential property shall respect and preserve, to the greatest extent practicable, the natural features of the land, including the existing topography and landscaping.