I understand that hosting in itself requires the risk of damages, would just like to know what added protection channels you guys are using.

Understanding underwriting deals required continuous learning and adaptation to market conditions.

Will we be required to pay capital gains? 

If you do, keep the balance low and take advantage of the zero interest balance transfer option on credit cards.

Usually it requires 24 hours notice.

The ones I have in my home require cleaning and maintenance, and I have my doubts about people keeping up with it.

The management company just happened to be hooked into the deal with Growth Equity group and they also provided the interest only hard money loan for the balance of the purchase price. 

With an S-corp you are required by the IRS to put yourself on payroll, pay reasonable compensation wage, and provide yourself a W-2 along with all other necessary payroll filings. 

Also if it is a drainage access that is likely different and the town may have requirements.

I have to adhere to the Bank Secrecy Act and the Anti Money Laundering provisions of the Patriot Act as a bank which requires I document and report transaction activity to try to ferret out money laundering, straw purchases, structuring and so on.