You should check with a lawyer what would happen if the STR guests are hurt in your property.

I would consult with a lawyer to make sure that's the case before investing. 

I stopped for a while to do life coaching and energy work, and then I met a guy who was a broker that wanted to get more into the development side so we teamed up with his dad, a lawyer, and started up.As things have progressed, I am now finding lots of deals, and as it turns out, the guy I am working with is not really delivering the investors like he said he could/would so I am learning that part of the process now too as most of my deals sit quietly on the sidelines.

The city has high taxes and free lawyers available at the court house. 

I think your best is to keep reading and above all build your network reach out to local investors and ask what they need help with.I work with special needs kiddos and we often call investors, lawyers, etc. and ask them how we can create an intern program where we help them and learn the business at the same time.

I can't know this for certain, of course.Not sure if this is worth pursuing with a lawyer or chalking this up to a lesson learned (be very careful buying properties in a wet area with finished basements, ensure it is suitably water-proofed).

And if you happen to know a lawyer that’s adept at crafting these types of structures and agreements?

I'm also looking for a tax lawyer and accountant who can help me with my taxes and this situation.Thanks

I mean whats a lawyer going to do except bill you 300 to 500 an hour. 

The cost varies from place to place but I've seen anywhere between $50-100/month, and it’s a solid investment to keep your personal home address private.Second, consider having your lawyer act as your registered agent.