This is going to be specific to your contract.

Hey DenisI have commented a lot about arbitrage in a general sense here, however I believe I am uniquely qualified to answer here as I live and operate about 65 units in this specific market.In 2016 I got my STR start arbitraging a Gulf Front mansion that was in foreclosure and I got a great deal on. 

: Work with an experienced contractor who has done a lot of work similar to the work you're looking to do on that specific project.💡 Noticing any shifts in buyer demand that affect your strategy?

@Shiloh Lundahl I will do value add specifically with ADU development, so I am tracking permits to find other ADU developments and overall inventory growth to find a competitive edge with supplying demand in areas lacking larger residential developers aka "the middle housing"@Arlem Garcia Interesting, Tariffs will play a big role in supply chains, so it will be interesting to see how governments come to resolutions@Henry Clark Absolutely, imo gone are the days of investing for cashflow or appreciation, now it's about aligning long-term strategies with lifestyle 

I know the potential state specific trigger if I transfer to my LLC in future, but difficult to obtain loans in an unproven LLC's name. that being said, do I insure the address under my name or the LLC listed on the STR business license?

Here's an example: we use PriceLabs to gather data on all 2BD/2BA condos within a specific radius (5 or 10 miles, depending on the market).

Good question - when Bigger Pockets leads reach out to us via out of state, we first define your specific goal with the BRRRR and talk through specific cities/areas that could lend itself to accomplishing that goal.

Any specific contract clauses or safeguards I should include?

As always, facts are case specific.    

Use forums to ask specific questions and listen to BiggerPockets podcasts from the past couple of years.