If you like giving startups (less than 10 properties) a chance, know what you are getting into. 

I have a few startups to pitch you. 😀

What kind of lawyer do I need to help me get started in a STR business? Anyone set up their LLC in California?

However, the outline below is fairly standard across most business plans.Executive Summary (Objective, mission, keys to success, etc.)Company Summary (Goals, operations, ownership & personnel experience, etc.)Market Analysis & Strategy (Approach for finding deals, investment strategy, etc.)Financial Plan (Startup costs, leverage, reserves, etc.)Exit Strategy (Timeline or milestones for exiting or refinancing investments)

Most likely, this will be deductible as "start-up costs" once you actually start your business.

I've been a PML on over a dozen deals, I'm part owner of 2 mobile home parks and part owner of a SEO start up biz.All of these deals were brought to me from the subto community-I didn't have to go looking for them and that's the power of this community.

We need more startups, funding and pro-business policies in traditionally blue-collar industries!

The startup process is a little slow.

Considering the figures of 95% occupancy and $750/night, it's akin to a software business having 2+ customers on a $21,500/month subscription EACH.Unlike software startups, real estate offers "easy" bank loans, so each dollar invested effectively becomes $2-4.

Look hard for potential start up cost to minimize overages.