We just put down an offer on a smaller franchise-flagged hotel in Southern Illinois.If all goes well, in 3 months from now I will be a hotel owner-operator, and 6 months from then I can sell my house and cash out the ~90k in equity to put down on a professionally-managed hotel.

One account is the Operating Bank Account and the other is the Reserve Bank Account (i.e., a Bank Savings Account).  

Is anyone using Series LLC's either from TX, NV, DE to own and operate rental properties in PA?

You never know how someone operates until you work with them.

Make sure you check in to PDX rules on STR's as the city is pretty specific about them and how they operate here. 5.

This also opens up the opportunity to attract tenants with higher levels of income.Ease of ownership Finally, the fact that the property has multiple owners means that there are multiple sets of hands to take care of the day-to-day operations of managing an investment property.

This year I am hiring a full time employee to help me with day to day operations and also renovations.

I would suggest doing some effort of evolving your operations, the tenant is trying the business should to as a tenants ability to pay should be plentiful and VERY easy, not restrictive and complicated, that is if you like getting paid. 

Cap Rate Equals Net Operating Income Divided by the Property Value Net Operating Income is Gross Rents Minus Operating Expenses.

Operators?