I get that there should be some premium for a running business relative to SFH comps, but what is reasonable, recognizing that resale won't necessarily have only STR seekers interested?

As I said, I recognize that my concerns are quite common and that Bigger Pockets offers many solutions to investing with low capital.

In the multifamily real estate sector, I recognize the necessity of partnering and scaling alongside trusted allies, while maintaining a lean core team of around 10 to 20 individuals.

(Not really a surprise that CA makes life a little harder)The California Franchise Tax Board will require that you file a new form every single year (Form 3840) in which you detail what you did with your sale proceeds, where they are invested, and whether you ever recognized income from your sale or any subsequent sale.  

California does not recognize series LLCs.You also want to look at whether a pass-through entity helps your bottom line and your taxes.

The only Wi-Fi ones are brands I don't recognize.

If I can be proven wrong I would LOVE that, becuase it means that there are a crap ton of creative ways of helping people with 2-3% mortgages achieve all sorts of things while keeping their loan that they don't think they can...

I don't recognize any of these abbreviations.

Thanks, Ken Bailey I would recommend checking out AirDNA - their data has proven to be pretty consistently good in this regard

Get familiar with the prices in that area so that you can recognize when there is an outlier.