I will seek out the answers to those questions as I get into this field. 

While BP has a rent estimator as does rentometer.com (both allow a few free uses, I believe), I agree with @Zachary Deal that your best bet is to seek out guidance from either the listing agent or a property manager well-versed with the area. 

Investors are always seeking reliable PM assistance.

Eventually, with time and experience, your knowledge and confidence begin to align more realistically.This concept is incredibly relevant to real estate investing.I encounter this often: an investor seeks advice but quickly tells me how much they already know.

Don't let anyone sign a lease or move in without first vetting them and collecting certified funds. 2) Have the property reflect the tenants you seek - Depending on the price point and market, you want your house to reflect the rental amount you are seeking.

Seeking expert guidance on optimal structuring options:1.

Readers should seek professional advice.

Section 469(c)(7) provides an exception that allows qualifying taxpayers to treat rental real estate activities as nonpassive, enabling them to deduct losses against other types of income.

Don't hesitate to seek advice from experienced professionals and consider joining real estate forums or groups to connect with others on a similar path.

To leverage the STR loophole, ensure active participation in managing the property.