Are you able to go there in person to build your network? 

Bonus - the interest on the loan is tax deductible!

If that's what you're really after I would start with the basics of what kind of bank loans either residential or commercial are available to you - not saying this is the best option, but it's a good place to start.

If you're still in college and working with an FHA loan, a duplex can be a solid option.

Other than paying for an appraisal or BPO (and maybe a credit report), you should not pay a lender anything until your loan funds.

Who is personally going to be liable if the guarantees aren't met?

I financed the acquisition of the land with personal and private money.

I personally do not touch equity in my own home to incorporate into my business.

While you work on that, you could also explore creative financing options like DSCR loans or partnerships to fast-track your first STR.

Personally, I advocate for a long-term investment strategy and would recommend investing the funds, provided you are comfortable with the expected return on investment over time.