I can tell from your initial post, that your former co-workers (...you've really got to love saying that!...)

I have changed my rental strategy to short-term rentals and co-living (rent by room) to allow for more cash flow. 

They would offer more of a co-hosting coaching but dabble in rental arbitrage too.

This is colorado springs areaThank you.

Fast forward, my brother and I co-founded a property management company in Boston, where we handle everything from tenants to transformations.

To me, PML is a friend of a friend or an Uncle or a co-worker's father. 

My co worker has never received one it's been 7 months since she signed up.

But as soon as you make a direct booking site and start an escrow account (among other things) you then cross that legal boundary between a co-host and a property manager needing a broker license (depending on your state).We CO-HOST for others and remain separated from those legal parameters that would consider us a property manager.

Quote from @Chris Seveney: @Francisco AvancenaThere are specific lenders who will do land dealsBut of course not as many as traditional real estate.The key will be skin in the game - typically for land because it is less liquid than a home the lender will want to have a lower ltv on the deal I fund land flippers currently in  CO FLA WA ID MT NV AZ OR TX SC GA VA  one thing about land though LTV is lower and RATES are NOT the same as typical HML rates are higher for raw land but its a specialty niche and a business that I grew up in..

The markets I'm focused on for my next MTR are my local market here in NC as well as Colorado Springs.