Even if they just have them on as an advisory role, having them on the LLC helps you get a better deal on funding and their experience will help you to get the project completed more quickly. 

I've made many great connections, educated myself on topics I didn't know existed before and have taken actionable steps in my personal investing business that I wouldn't have done otherwise. 

Some you will like and some are very 'pitchy' selling all kinds of classes and junk.Meeting people in person and getting to know them and what they do will help increase your knowledge that much more.

In addition, they will need space in the common areas for their stuff as well (think refrigerator & pantry for food, etc.)No background check will show how clean they are, how they respect your space, whether they are a loud person, or a night owl, who they invite over to stay with them and such.  

The questions you are asking are far to vague for anyone to have major input or guide you correctly as each person's situation is different. 

@KiKi Wood Is your person for STR set-up in Indianapolis!

My favorite part is having a dedicated contact person that walks you through the entire platform and helps you get set up.

I would prefer not to have to use transaction funding.

But compare to Option 1, it will allow more funds on the next property.3) Stay put. 

I am looking to try and build up funds to start purchasing properties.