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

We have been going to local meetups instead to network for our construction and development business as a way to build capital and partner with other investors.

I am trying to get started as I have been told about getting an LLC, Business license and so on.

The STR Hospitality business is 24/7/365.

If they are a new business, ask for a letter from a CPA (make sure they are legit).

Thanks for sharing those experiences -- all great things for anyone starting out or even those in the business to remember the basics.

Vacant Land:    - If no improvements: you may be able to extend coverage from a Homeowners or Business policy

I always recommend for my clients (and myself) to run the investment portfolio like a business and suggest to form an LLC (running as S-Corp), even with only 1 property.

Or is there anyone that would potentially wanna sit down and join my LLC as a lender and we can discuss terms and build a connection and do good business together! 

Keep your common areas clean and neat, possibly have a house cleaner come in twice a month for these areas if your budget allows it, have solid house rules that you enforce regarding at a minimum quiet hours, parking, smoking, pets, and visitors just for starters and be sure to run it like a business and decide if you will have month to month terms, 6 month terms or yearly terms.