I think this is the gift and the curse of a still emerging asset class (short term rentals) - as it becomes more "institutional" i.e. more like commercial real estate with more sophisticated buyers then financials and systems for this will likely become more streamlined and stable, but we are still in a place where the buyer pools are more newish investors or typically residential basic investors, so not has experienced or sophisticated evaluating investments based on a detailed financial analysis like more seasoned commercial investors likely would.anyways, just a guess on what might be going on here

Also, make sure the management entity’s taxation as a C corporation aligns with your long-term goals.Has anyone here gone through a similar process and have any attorney referrals or tips to share?

I've come to Bigger Pockets to learn some tips, tricks, and hints about real estate investment and to connect with folks who have similar goals. 

I'm on a mission to help clients navigate the journey of buying or selling their homes with confidence and joy.Whether you're a seasoned investor or just starting out, I can’t wait to exchange ideas, tips, and success stories.

If so, any tips for doing this for tems, contract, etc? 

This is just the tip of the iceberg, but I could try to help you sell it if you're interested. 

Any advice or tips really appreciated and again excited to just start jumping into a community of likeminded people.

I'll check out WLB, thanks for the tip.  

I understand there are multiple ways to legally raise money for others without tip-toeing the broker-dealer line: 1) Consultant Fee.

Thanks everyone for the comments and tips, very helpful!