If they are paying out 5% rates to their customers to relend out they usually need at least 150 spread to make any money.CMBS and LIfe Insurance can be lower on the interest rates but you can get yield maintenance or defeasance which is very expensive if you want to break the loan early.

Half are to repeat customers or to people staying 6+ months and paying every week.

To protect against this, it would be necessary to add no-subleasing verbiage to the lease.

That way, your money is protected by real estate without doing all of the work.

There are numerous state and federal laws related to buying and selling mortgage notes as well as originating mortgages/contract for deeds etc.You have Dodd Frank as well as numerous other consumer protection laws that you have to deal with. 

It seems like it is more at the behest of the hotel industry and the few permit holders wanting to protect their captured audience, because they strictly disallow hosted STRs, whether that be an ADU, extra room etc.

The best option for you depends on a number of factors including your exit strategy, any liability concerns and preferred tax treatment.Type of EntityTax TreatmentMain AdvantagesC-CorporationDouble TaxationCorporate tax rates are lowerS-CorporationPass-throughSelf-employment tax savingsLimited Liability Company (LLC)Pass-throughLiability protection and flexibilityFuture Outlook and Recent Tax Law ChangesMost recent tax changes applicable to real estate investors include:The increase in the estate tax exemption to $13.61 million per individual for 2024.

Set them up for ASSET PROTECTION, NOT to hide your identity.  

it seems like the potential buyer might want to have you put in some spec items that you normally do not offer to customers. 

David Valadao, who recently toured the facility, expressed strong support for the initiative, emphasizing its potential to reduce legacy emissions and protect local energy jobs.