Are you wanting to be an active or passive investor (or a mix of both - that is what I chose)9.

If you take out the land value, the remaining amount should be an estimate of the depreciated value of the house (ACV).  

Regarding the bank, is adding an LLC to a loan an issue, or is this something they do regularly and assume that since it will be a commercial real estate loan, there will be an LLC?

As a result, I turned to building a lot of the furniture myself (dining table, night stands, coffee table, and console table for kitchenette) using tools and wood from Home Depot.

It may be an issue with such a low price point, but the turnkey company you're working with may have some lenders they've dealt with in the past.

I’d suggest starting out by networking with as many other investors as possible and be an active participant in the forums.

I don’t know where to start in general or even within BIGGER POCKETS as there seems to be an overwhelming amount of resources.

It turns out to be an odd number with decimal places that just seem unnecessary to report (e.g. we own an average 25.6% interest in 347 units).I don’t include co-GP holdings because that can skew the numbers too.

You may need some special licenses as @John Warren mentioned but you actually probably don't need a license to be an AirBnB manager /event coordinator.Lean into the new opportunity and I think it will pay off.

It depends on your tax bracket" may not be an appropriate answer here.For the most part draws and distributions are a return of capital/decrease tax basis and are not considered taxable income.