We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

This provides you protection and gives the lender a clear exit strategy,.

There's a lot more compliance, regulations, and other protections that many brokers do not feel comfortable hiring just anyone. 

All they are doing is adding additional costs and getting zero protection.

But personally, sometimes the best strategy is protecting what you've built rather than pushing for more.

At the same time, they have heard from communities and citizens negatively impacted from STRs and want to "protect the sanctity and right of owners and residents" in their communities. 

That remodel is going to take both time and capital, so it’s a key part of my plans as well.Would love to hear how others are approaching similar goals—anyone else tapping into equity or gearing up for larger projects?

As you mentioned those specific details about MTRs geared toward traveling healthcare professionals, these are things I think would help us tremendously as landlords because we play both roles.

Sure, but again securing $500,000 isn't difficult.That said, liability coverage is lawsuit protection coverage just like it is for you. 

An LLC is useful for two things: anonymity and legal protection.