Our property is zoned as multi-use so I have the idea of using it/getting it classified as a "boutique hotel" and renting out the rooms in the house.With this type of classification I'm assuming the taxes would be higher, etc for this use, insurance would be of a more commercial nature, etc.So should I try to setup the property as an LLC (to insulate it's operation from us legally)?

We have a multi-member LLC with a tax classification of an S-Corp.  

S-Corp is a tax classification with the IRS.  

I won't go into the issues of consumer lending and someone saying their loan is a commercial loan, that goes much deeper in loan classifications than simply trying to define a commercial loan as proceeds funded for any business purpose.

C-class/B-class? If

Also consider investing in multifamily syndications or buying an apartment building...my own favorite asset class. If

You must have an exit strategy before you invest in any asset class. If

For both of you, could you give me an estimate of how long it would take to go through the class if I can put about 2 1/2 hours towards it daily?

Alot of the classification depends on if its going on a foundation.Also this day and age alot of your nicer "manufactured" homes are built better then the stick built homes.

I was in talks with one owner and broke off negotiations when the owner sought and obtained this classification.