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.

The STR Hospitality business is 24/7/365.

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

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.

The reason I haven’t purchased anything yet is because I’m a new real estate agent and I’m focused on building my business as an agent for the time being as well as saving up money for a down payment while I’m building enough of a track record to show the banks that my income is steady enough to be approved for a loan since I won’t have any w-2 income.

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!