Quote from @Stuart Udis: Before you are lured into spending thousands on anonymity through Wyoming LLC’s, Management LLC’s or whatever the flavor of the week happens to be  believing that will protect you from lawsuits ask yourself why individuals with real assets don’t use the same strategies? 

I have family over in Michigan and it is always nice to see the lakes.One thing I wanted to recommend when it comes to Short Term Renting is that if you haven't done so already to look at structuring with Trusts and/or LLCs for the renting, this can apply to your long term multi-family properties but especially with your STR properties for asset protection and anonymity for ownership interest.

Lesson learned: tenant screening is critical.So next time around, I decided to stay anonymous (for safety, since I live alone), and I hired a property manager hoping they’d screen better.

This Holding LLC can be filed in Wyoming, Nevada, or Delaware and provide Charging Order Protection as well as anonymity to any of the other LLCs that it owns.

I would definitely recommend if you haven't done so already to review LLCs and Trusts to see if they're the right fit for you as you start out and grow for asset protection and anonymity, so that you can isolate out liabilities from the business rentals and your own personal activities.Please let me know if you have any questions with regards to it.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

That said, a properly used WY or DE LLC can be extremely useful, especially for real estate investors that own multiple properties and want to do so anonymously. 

LLCs do not offer the anonymity or protection that most people think, they are easy to pierce. 

This provides for both anonymity as well as charging order protection.

I would also recommend potentially setting up Trusts or LLCs for asset protection, anonymity, and tax mitigation for both the process of the renovation and for when it is being rented out.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

This provides for both anonymity as well as charging order protection.