(Further context on the role, the business has solid marketing and network established.

But then because they have established such credibility, they can easily buy now with great rate and terms from lenders because they have the track history. 

Once you close and establish a relationship with them, I would notify them of a rent increase but we do small ones.

Establishing a separate entity, such as an LLC, for your rental property business could provide more flexibility in claiming deductions associated with business-related assets like vehicles.

Here’s the TRUTH - If the entire Federal bureaucracy shut down tomorrow, within two years ll NECESSARY functions would be performed by private sector and private charities, the charities  which would have more than enough money from donations from the public no longer paying taxes to fund the bureaucrats, the congressman and Senators $25 million each in “speaking fees” the waste and fraud currently being exposed that has the political establishment scared to death, as well as not having their savings robbed by the inflation caused by the currency “printing press”.  

Than AFTER that base-line cleanup action is done which part of it is to establish access for all others, than things get into the next lower level of details. 

Within the U.S. if you want to avoid the bureaucratic nightmares that often follow STRs you will probably want to invest in a well established STR market that already has laws favorable to STRs.

I could see fully comping 1-2 nights at low season rates, particularly if one doesn't have a lot of reviews yet, but would you, as an established host with tons of reviews, comp a full week or more of a prime season stay? 

If you don't have at least 2, work towards that.Business Credit - once you have some established credit, you need to protect it! 

It was built in the 2010s and located in an established neighborhood with convenient access to schools, amenities, and major transportation routes.