Racketeering Influenced and Corrupt Organizations Act. 

I do not know PL too much but I know it is the most popular for small unit count operators. 

I just like that it’s all there and organized and there is a team supporting it and me. 

This approach will help preserve your operating capital.

Find the REIA group for your areaAs Henry noted, post something specific for your area and tag your market.Get on Loopnet for your area and property type, reach out to the brokers that are listing deals and offer to take to coffee (they are often invested in deals too but you could ask for connections to other operators that might be getting started).And, again as Henry noted, each person you meet, ask them what other networking events they have attended that you can put on your list.

Long-term leases are less operationally complex and face fewer regulatory risks - more stable and scalable option.

It's just not how successful people operate.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

Are you doing the work yourself or what is your plan on tackling the operations? 

Use STR-specific insurance to protect both parties and automate operations with platforms like Airbnb, TurnoverBnB, and PriceLabs.Taxable income from the STR must be reported, but you can deduct related expenses like cleaning, utilities, and furnishings.