Quote from @Gregory Wilson: A few things there, Brendan.First, an LLC with you as a member and your (wife, son, pal, etc.) partner as a 1% member will file a Form 1065 which is about one tenth as likely to be audited by the IRS as a Form 1040 with a Schedule E rental activity (which I presume you will attempt to show is an active business).Second, you want an LLC because when your local Alabama handyman drives his girlfriend's uninsured truck into a van load of U of A medical school interns on I-22 when he goes  to get some shingles for your roof, on your business, you don't lose everything you have or ever will have to an uninsured claim. 

Keep that in mind and just proceed with the utmost caution. 

The liability coverage is way better, the building coverage is often better, and commercial policies typically cover loss of business income as well, which a homeowners policy isn't going to help you with.California + wildfire area + STR is super tough. 

This will help attract more business to the state, keep it coming! 

Owning assets is good for people who are in the business of RE already.

Hey Wes, My business partner and I are investors/agents/wholesalers in Phoenix.

I took the course last October... got swamped in my currently real estate business... went through a 90 day "challenge" course with RAL academy....

Make sure you connect with the NHREIA, great group, they have monthly meetings in Manchester and a busy FB group with 3500+ members.

Although most of my stays are <7 days, I've had a few longer stays (business travelers and a family that was going through a full home remodel).

I had to call multiple businesses looking up google reviews, check availability, get quotes then schedule.