The current environment is shifting again. 

I try to minimize what I surround myself with so I can really enjoy my environment.

However, you'll want to check your local and state regulations just to be safe.

Banking regulations won’t allow this, nor is it prudent.

Tricky with current interest rate environment, as a refinance makes no sense rn.

Regulation has slowed the market and made it harder to be an operator.I've never operated my Airbnb to its maximum efficiency because of the time it takes. 

Quote from @Anthony King: Are there any rules/regulations regarding private lending from family members?

I understand that at a minimum, I HAVE to register in CA since that's where the property is, but the lawyer is indicating that NV's a friendlier environment for Landlords so I should register in NV and just "do business" in CA.My questions are:  Is there a material benefit to registering in NV and then also CA? 

I know the Guide isn't law, but in my experience its not the law that is solely enforced, but also the derivative regulations, formal guidance documents, as well as case law history.

But California also has pretty onerous land-use regulations that limit supply, and there’s been a lot less financial distress than people were expecting, with one of the lowest loan-to-value ratios on outstanding mortgages in the country.