Looking for guidance on the best way to proceed going forward in terms of asset protection and how to structure all of this real estate… 

and some guidance from the FTC is here: https://www.ftc.gov/tips-advic...Simple solution - DON'T.

We are considering stepping in and trying to buy the place, but looking for some guidance on STR and what kind of money this place can bring in. 

Seek guidance from financial advisors or real estate experts if needed, and don't hesitate to continuously educate yourself about the evolving landscape of real estate investments.

Any guidance would be much appreciated!

The BiggerPockets community is great for guidance, but nothing beats local mentorship.

Any guidance is appreciated and I know it's not tax nor financial advice, just your thoughts.

Any guidance is much appreciated.

We also have the RTR Academy, which is our online investing education and coaching program for those who want a bit more guidance and structure to help them expedite their goals.

thanks for the guidance @Kaushik Sarkar Since it's development it will take longer to get to the exit. 3 years could be right depending on the market, if the project requires entitlements, how long it takes for permits, no major utility obstacles, etc.