HOWEVER, your upfront fees will be hefty thanks to the loan level price adjustments (LLPA) on a 90% second home.

Or could you set some of the money aside to do some renovations to the property?

in SD deals only work if you put over 50% LTV and at that point there are so many other assets that IMHO give a better risk adjusted return. 

Would people recommend that we set up separate LLCs for our individual properties?

As the agent brings in more money, that split adjusts and the agent keeps a larger chunk.

I can also help you with a step-by-step guide on how to set the property up for Airbnb with the right team

I am currently in SWFL and as some may know a lot of properties are getting bid up, some with as many as 50 or so bids on one property.I came across a wholesaler who is buying properties at the auctions steps and then has a set fee that he takes for the property.

Rooms need to be a set size for rentals; smaller rooms always rent for more money per sq ft (99% of the time with moderate rentals). 

I am working on construction set.

I have done it both ways with same results.....It can cost significant dollars to get them set up and there is a yearly fee that varies by state but can be pricey, especially once you have several....