Would that lower our tax liability from other income we receive or no because this is purely RE and not an operating business?

We use Hiscox for our insurance with our business, not sure if it works for property but its worth a try. 

The house sits near a freeway junction and a busy street, and while my previous rental was also close to the freeway, something about this home's elevation makes the noise unbearablyintrusive.

Do you have any standards that you follow to help you in business?

I would check with your CPA before setting anything up.If you are talking about referring people to local fun businesses like the boat rental, restaurants, amusement parks etc then there is no problem.

You can check with the Better Business Bureau (BBB), your state’s department of business oversight, or your local real estate community.5.

I'm happy to share some tips about purchasing an STR in a different state.I joined Stayly Academy, which helped me secure a lease property under my business name and utilize it for short-term rentals.

We are a small partnership with 4-5 properties currently, but we are growing and hoping to find a reliable lending partner that we can do repeat business with.About 3 months ago, we successfully completed a BRRRR deal where we had excellent numbers, over a 1.25 ratio at 75% LTV, our guarantor partner has an 800+ credit score, and we had no issues qualifying for the loan.

@Matthew McleanBigger Pockets is a great place to find an accountant specializing in real estate taxation.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.

Not everyone will be successful in this business especially during times when people are essentially jumping on the bandwagon.