Or ask the third owner if they would also consider selling, so the whole property is sold.Whether a partnership or LLC, follow the Operating agreement. 

Focusing on the foundational basics and your operations is more important long term.   

I operate several mid term rentals and I'm still a big fan. 

Banks aren't really in the business of lending to real estate investors anyway...they focus primarily on "operating entities", but they can be done.

You learn a lot of operational experience by just owning 1 rental as a long-term rental.

I am new co-hosting and considering any programs or training to help speed things up and provide any key resources.

As a beginner, I want to operate an ethical and sound business.

Heloc or DSCR HELOC so you can operate with cash in hand.

Quote from @Joe Budkiewicz: Quote from @Corby Goade: Quote from @Joe Budkiewicz: Quote from @Corby Goade: I own and operate a property management company- we don't mark up invoices and provide anything our clients want to see. 

before you go down the rabbit hole to far as @Bruce Lynn mentioned see if the jurisdiction were the lots are located will even allow a surface operation within their zoning code or that lot size.. thats the first thing I would do.Being an old land man I have dealt with a ton of mineral and water rights.. there is a lot to those buggers..