If you have a good credit score and a business entity, you can use the equity from for your primary home to make up the difference in down payment.

Most people might not have the ability to pay 5 to 6 figures a year for that.With Costar it is about residuals. 15 years in the business I do not like contracts and residuals.

It is always best practice to keep business and personal seperate.

I am thinking of giving all the work to GC so the lender asked that i got with some approved GC so he feels comfortable work will be done correctly.This Lender is local only and does business with in that city so not sure i will be much help.

You might also meet someone that could be a potential business partner.

Also, almost any kind of loan to an LLC whose business is real estate investment will need to be guaranteed by you anyways.2.

Which will bring plenty of other investors and general business to the area.

Your friends might not fully grasp their financial situation at all.Stash that entire $2k cash flow into your business savings until you have enough in reserve in your business to cover vacancies. 

It is very overwhelming to get into the real estate business with so many people already in the game. 

It is a competitive business and you have to really love hospitality (in my opinion) to get into STR, passive or not.