There will be stuff like this that activates your "spidey sense". 

The LLC was used in an active business for separation of the active business from my other businesses, rental for one.

In your scenario, claiming that $117k depreciation deduction could lower your taxable income from $700k to $583k, which is a huge benefit in the short term.As for the RE pro status, if one of you becomes a full-time real estate professional, you can potentially offset active income (like W2) with passive losses from real estate. 

 just start generating leads and start talking to people and when you’re not doing that educate yourself also hire a mentor just basically get active..

Typically a real estate agent can service four times more listings then active buyer clients with the same amount of time commitment.Marketing to buyers usually leads you to buyers.

I am actively looking to remodel or build a 8 to 10 RAL in the Houston area.

Quote from @Andrew Lawlor: I've been actively investing in short-term rental properties for the past three years, managing one live property and another that will go live in two months.

If these groups are significant, it suggests there’s pent-up demand that could enter the market when one of two things happen:Rates Drop - Rates fall to levels that allow more buyers to qualify for the homes they want.Buyer Expectations Shift - Buyers realize that 5% rates aren’t coming back soon and decide to move forward.Based on the increase in activity I saw in Sept and Oct in my business, when rates hit low 6s, I'd say my market has plenty of pent-up demand. 

This is a highly regulated activity by the CFPB.

Many times, hosts think the company or broker provided a STR policy just to find out when a claim is made there was a little sentence in the fine print that stated any STR activities canceled the policy out.