An LLC offers some liability protection, BUT states vary with the cost to get and maintain an LLC.

Bonus points if they’re used to working with investors or can help keep costs in check while maintaining quality.Cheers,Kevin I would say this about BRRRRR, especially as a newer investor. 

Leverage: Use leverage wisely to acquire more properties while maintaining a healthy debt-to-equity ratio.3.

If you do find that the costs to maintain the investment property are too substantial and you'd rather sell down the road, it would qualify for a 1031 exchange since the property was held for investment use.

This is how banks verify property owners maintain insurance.

When something goes wrong (like HVAC) do they have the money to get up and going again or have you just lost your business and all your effort cohosting a property that isn't well maintained?

I don't think you would actually be able to purchase and maintain the policy with $750,000 replacement cost if they think it would cost $1.3 million to rebuild. 

When the whole covid shutdown occurred, I dropped out of college to help my father's service business maintaining and remodeling residential and commercial buildings.

How will the fence be maintained and by whom afterwards? 

My strategy would be to provide temporary and conference use in order to maintain consistent use for professions throughout the year(s).