Keep in mind rents also went up and opportunities to refinance were also available - elevating that figure. 

You would have ongoing filing requirements with the State and would need to keep business records and documentation.

I actually keep a list our bookkeeping firm recommends based on firms/individuals we and our Clients have had good experiences with as well as I've personally had good experiences with.

Personally, If I could pull out a HELOC, I would use it to fix and flip which will typically make sense as you shouldnt be keeping the money out for that long and you can recycle it or pay it back and build off the capital that you got from. the flip.

Please keep in mind investors, not every deal that you place under contract will close - that's just the nature of the beast when it comes to investing. 

So I would suggest keeping your STR property geographically close and doing as much as possible to keep your profit% high as possible.As far as the actual house you use, I would just say - be honest, be fair and strive for the best area, most amenities, cleanest house, best communication, and any other extras you can get.

Is it possible to keep my land loan out of it to keep the total cost low?

If the property was successfully acquired, the mentor would keep the student in on the deal with a pre determined ownership slice.

BiggerPockets is an excellent resource to kickstart your real estate journey.I recommend that you take the time to define your financial goals and always keep learning.From insightful podcasts and informative blog posts to interactive forums and detailed guides, BiggerPockets provides a comprehensive suite of resources designed to empower you with the knowledge and confidence needed to navigate the market.

Keep in mind that the sponsors with the longer track records and deeper bench of investors are unlikely to use some of the newer exemptions.