We are currently waiting to see the experience with the Florida LLC, re insurance, tax, beneficial ownership issues before we deed the Virginia properties into the LLC.

Hi Josselyn,You can find the new law and its details here.

I'd be curious to hear from the pros on how this law will affect this group of agents and how folks like me, who will be using a flat-fee agency, should handle working with them when it comes to commissions?

At the state level a law was proposed to place additional 15% tax (on top of local occupancy tax) on STRs.  

Doesn't Sharia Law prohibit charging interest?

But the loan officer I spoke with said they have no issue with me moving my properties into an LLC as long as I am paying the mortgage.Because my plan is to purchase properties under my name and BRRRR them and then put them into an LLC the lawyer is advising me to keep them in my name and bulk up on insurance/umbrella policy in case of a law suit.

Quote from @Calgary Smith: This is state specific and I'm not 100% certain about Florida law.

Hey,Has anyone ever tried to set up loans for people delinquent on their taxes that was backed by their house?

Insurance and taxes seem to be going up and you want to cover those costs.#2. 

You are charging 10% interest, which gets taxed at ordinary income so you will pay 2-5% state tax on that money as well as your income tax level.