It's been so bad here, that I bought an STR in Indiana with another business partner in 2024 because there are minimal opportunities here - unless you have the ability and budget to extensively source off market properties here.  

The GC is a business person who doesn't care about your ARV, LTV, or your budget.

Do you guys think there will be regulations that will be created around this that might affect those companies, or worse smaller businesses?

A business line of credit through your LLC protects personal assets, builds business credit, and may allow interest deductions, but it might be harder to secure for a new LLC.

If this is a terrible way to proceed, then please let me know.

My business is built around doing deals for out of state investors and my mind is BLOWN by how many flat out refuse to come visit, meet our staff or walk the property that they bought and we are rehabbing for them.

Quote from @Gianma Vanzo: My wife and I are HI W2 and business owners.

Petitioner’s testimonypertaining to the business use of his home was vague, inconsistent, elusive, andcontradictory.

Operating your rental like a business is mandatory to protect you, your ROI, and your property.Hope this helps...

Possible to maybe build one similar to this with an add on for small business owners and REI's. https://docs.google.com/spreadsheets/d/1xYOKT2eNS588cj6_8jVv2vobAfAhCVUd/htmlview#gid=1221524195