Our urban bungalows average stay length is over a week as we host a lot of business travelers on extended stays, so likely more important.  

Hello - I'm looking to start my short term rental business and am considering buying a property in Ocean City MD.

I’ve heard it is bad practice to personally guarantee a business loan. 

And that’s too bad, because the concept can lend “clarity of purpose” for many investors.Often, we in the real estate arena, get caught up in our real estate “business”, with an emphasis on “cash flow” or “spendable” income, the professional investors equivalent to salary for the wage earner  and met income to the small business owner.  

Looking at business line of credit and other options to get across the finish line, and backfill the raise.Attached is the pitch deck.

This will defeat any usability for business purposes to me. 

It works for me for two businesses simultaneously.

They also have limited market access in many areas because Goosehead has issues with the quality of business they write due to limited "hiring" standards. 

Your profile mentions that you ahve ownership in an LLC - WoodRich Hospitality Services LLC.If it is a multi-member LLC, there may be a separate partnership return required.If it is a services based business, there may be a benefit to operating it as an S-Corp to save on self-employment taxes.

The goal is to purchase more real estate (20+ doors) multi-unit apartment buildings, buy a few laundromats/business, and to create systems that does not chained to my desk everyday.