If I am profitable at it I may even generate enough capital to further invest with it. 

If you have the proper legal documents in place and a strong tenant vetting process you can avoid much of the risk, though it's never fool proof, even with a PM. 

Looking at Airbnb and VRBO directly it is showing quite a few vacancies even for the busy season.

If you're planning to use it as a true revolver, an equity line of credit is probably still the best option, even at 10%+, because use of the funds wont be constant.

@Megan Stone good to hear this attorney offering you excellent advice even though it isn't in their 'best interest'.I've always established my commercial RE LLCs in the state of the asset.  

The only people who get access to them are the agents who sell all of their REOs, and even they rarely get access to them.

Even with these limitations.

Be careful; the rules for qualifying for a real estate professional are extremely complex - it is an area of the tax code that many practitioners and even judges (tax court cases) have gotten wrong.

I am acquiring an assisted living home (RE+business).RE appraised for $1,320,000Business for $80k.I have the RE portion already financed through banks but am needing $80k for the business to get the deal done.I’m looking for $80k short term loan for at least 6 months so that I have enough time to get a more stabilized business loan.

I went with her to the office and she asked for her tenant file ledger so she could see how could it amount to $5,000 and they said no they won’t give it to her ( isn’t that wrongful of them to do so ) and they said she’s being evicted for ultiltes not being paid from 07/01/2023 until todays date - wouldn’t that be wrongful because notice states differently and even when adding up ultites until todays date doesn’t add up to 5,000$ I just need some help with this because is doesn’t make sense or seem right if anyone could please give advice and also the utility isn’t in her name & the lease yes was stated for her pay the utilities but her lease wasn’t renewed and was now a month to month term and that started last year so how can someone rent a apartment to a individual and not give notice to renter to pay certain things but wait a year or half years notice to eviction even though rents been paid on time