So back to the question, I have compared several times, the real guest cost is clearly higher with vrbo, even without the protection or the deposit  (another smart feature I wish vrbo could offer with no cash impact on the guest ).That said, a $ to $ comparison is not that important.

I don't listen to his podcast or want his coaching or 'asset protection' or tax people because of all the ads and fear sales, but his RDPD and Quadrant books changed the mindset of millions and I am all for and grateful for that.  

Does this entity offer a further layer of protection or does it just complicate everything?

The other tenant will know you are the owner and you will likely be doing all the work yourself so you get almost no added liability protection or increased anonymity.  

@Scott Smith could I have a Texas series LLC take ownership of a Florida LLC  that has Florida property in it and provide the same protection or would have to have the property transferred in a Texas series LLC ?

Assistance animals perform many disability-related functions, including but not limited to, guiding individuals who are blind or have low vision, alerting individuals who are deaf or hard of hearing to sounds, providing protection or rescue assistance, pulling a wheelchair, fetching items, alerting persons to impending seizures, or providing emotional support to persons with disabilities who have a disability-related need for such support.

That would either be due to none having required the protection or the LLC failed to protect and they are no longer on PB.My guess is that in the real world a LLC is more for psychological protection.

As long you clearly identify and track the expense per property (and you can do that in Quicken, with properties, categories and subcategories, or in Quickbooks), you’ll not need CCs and accounts per properties.Here are some graphical diagrams to help you on this quest (or confuse you further): - Asset Protection Decision Diagram - to help assess the need for asset protection, and what to implement: https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagram - Asset Protection Onion Diagram - what, when, and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2 - What is needed for complete asset protection OR the domains that need to be intersected to find asset protection

If you find it that when combining your traits that they overlap or are still missing a trait, it may not be a good fit for a partnership.Don't choose him as a partner just because it is convenient but because he has a trait that you do not have.Regarding LLC's, unless you are looking for charging order protection or anonymity, getting a CA LLC may be the most convenient, efficient approach. 

Landlords that believe they have some sort of protection or guarantee of payment are living in a fantasy world.