I personally don't like STR's because they are more of a business than an investment(in my opinion).You didn't mention the amount of hours that you and your spouse work but I would have to assume it be between 1900 to 2200 hours assuming you work 48 weeks and between 40 to 50 hours a week.If you buy a STR and self-manage it, you are added 200-300 hours per year in additional work making your life more stressful and less time to do things that you enjoy.Best of luck. 

Not only is this prudent business management but if you're looking to scale down the line, having a creditworthy entity that can take business loans in its own name is a game-changer regarding risk allocation.

If you decide to move into that unit once you close though, that's your business.

This is the least likely thing for people to publish on BP, as finding them is key to the business and promoting them on here will inundate them with calls. 

Not all crimes are the same and it depends on what the person has done since then.  24 years is a long time...unless it is someone who beat his wife, then hell no.  

Hello, this is my first rodeo on investing in a run down house, my Amex gold business card approved me to spend 120k and I got approved for a line of credit for 50k.

I've seen 100 different structures. there's bigger players, more capital, a lot depends on the deal, track record, debt amount, returns, pitching to funds is way different. we separate construction financing and long term financing for the clients that build with us and help educate them.

Depending on what advisor you speak with you will get opinions ranging from 1 to 2 years for holding purposes.  

My gut tells me I need my own liability protection--I'm in business with Airbnb but don't exactly fully trust them--but like I said, it's difficult and expensive to obtain.

Depending on their answer, you go into "I am a local investor looking to help sellers who might want to avoid a potential foreclosure..." or "No problem, should I keep you on my list if you decide to sell at any point?"