I'm in several co-living groups, and the rent by the room model is getting more popular.

I can’t lie, I felt a little jittery stepping in, kind of like I was about to bet on a horse race without knowing which jockey had the best track record.

(Unlike the popular belief many hosts have, it is not even 5 star rated properties or crazy place with $10,000 oak front door) That is why I like the STR game.

In fact, I've got some bets in the markets that hinge on this happening.

I'm getting to a point where I might want to pursue a lender for future investments but am trying to understand how these lenders choose people to work with.These types of lenders are called "Hard Money" because they are not betting on the borrower. 

Extremely difficult to pass and I bet you didn't know that you had to get it reinspected again in three years.

I disagree, I had a time when my name and the name on the insurance didn't match and the lender was all over it, regardless of the on-time payments.Your best bet is to refi into a commercial loan that allows the LLC (if you've already purchased the property), or close directly with a commercial loan / DSCR loan.

Extending lease might be best bet.    

Hunting leases are a popular way to generate steady income, especially in rural areas.Solar or Wind Leasing: If your land is in an area with good sunlight or wind, companies might be interested in leasing it to install solar panels or wind turbines.

Is it a popular area for STRs?