If you have STRs there: - Do you stay busy year round?

Then work with an attorney to help you structure the agreement. 

People who have no business being homeowners have the ability to buy homes.There is a balance between making home ownership attainable but not so attainable that it inadvertently brings way too many buyers in to play.

Having a separate bank account in the LLC makes sense to keep track of expenses and income from business activity IMHO, and is something we generally prescribe to clients. 

Everybody is busy and if you aren't the squeaky wheel nothing gets done. 

Its under $250K.Its currently titled as "Joint Tenants by Entirety" with spouseI have been researching best way of LLC structures for multiple rental properties (plan to get more in future). 

Again, if it did, everything else would be out of business by now, right?

What was important I never took a dollar of cash flow or equity out of the business.

And if they are only working hard because you visit the house a few times a week then you have the wrong team anyway.I have a great team, that includes a dedicated contractor that I help to scale his business and now he's loyal to me. 

If the 7/1 works better for your business needs, that’s what matters most.