If you're going with a traditional HML, your lack of experience is going to cause some out of pocket expenses for you.

With the resources we have, we can provide benefits that are often hard to come by in traditional on-market real estate transactions.

We purchased it the traditional way by going through an agent, we viewed some houses on our second trip out there and ended up picking one and going for it.

It gives you/the buyer more time to complete the project and obtain traditional financing.  

These are more complex legal structures that can provide even more protection than a traditional LLC alone.

Explore financing options, such as traditional mortgages, FHA loans, or other types of financing.

I live in CA bought in STL a few years back, did a traditional BRRR but the prices now are too high numbers on Brrrs to work.

I use my own traditional long term lease for non Airbnb stays.

But this just means the competition between nationwide brokerage is intensified, folks expecting tech-driven RE company like Costar's homes.com and Zillow to take over traditional nationwide brokerage that lacks of efficiency or transaction cost.As real estate volume reduces and reduced commission would be the new game, I don't expect traditional brokerage could survive if they don't adapt. 

Long-Term Rentals: While not ideal for short-term stays, focusing on traditional long-term rentals can provide stable income and avoid regulation complexities.