Income from leveraged real estate or active business income.

However the owners retired and her team left when she sold the businesses.

You might even want to setup a C-Corp (for tax and liability reasons as well) to manage the business with the guests and pay rent to your LLC. 

As for valuing the property, keep in mind that the properties are valued based on NOI, just like any business. 

Which would be more effective for pitching my Airbnb arbitrage business?

Alabama is very business friendly and there isn’t nearly as much competition there as some markets.

How is your RE business?

I am learning a lot about the business that, had I not gone through this process, I wouldn’t have learned nearly as much.

I can buy a 2-4 unit with 20% down vs conventional can only buy a 2-4 INVESTMENT property with 25% down 4. there are options where DSCR loans dont repot to personal credit, helps in not having to show a bunch of paperwork or not one person in a partnership has to carry the debt5. way less paperwork to close on this loan type vs a conventional loan. we care about the income of the property you're buying and it's ability to service the debt of the property whether we use long term rents income, lease income, or air dna/bnb income.6. easily buy in partnerships, add people to your operating agreement, its as easy as that so bring partners into a deal. helps with scaling and raising capital or getting partners involved7. gift funds allowed to close on these as well, and like I said earlier, there's only a 10day seasoning period of funds with some lenders so that means you can literally have a private money lender deposit money into your account 11 days before closing, and you can use those funds to close!

We just love the country and plan to visit often and figured why not expand our business into Japan.