Which in turn will bring plenty of other investors and general business to the market.

You can make money at all of them but you want to go into your real estate investing Business fully understanding the impact of each strategy. 

This venture was not just a business endeavor; it was a commitment to community and an expression of my values.

Even then you need a business license if you are collecting any kind of payment for it even if it is your place.  

Both were customers, ran small business, and held money with the bank.

It is always more difficult to end business relationships with friends and family but you can't treat these working relationships any differently.

Read every line of every HOA document.7) There are many offerings in my area on FF, but when I study their calendars, I see that most either have a small handful of random night stays (STR) or they’re empty.

Business is about making good decisions.  

Keeping rates high could destroy capital intensive activities and businesses.

Building rapport was the first order of business.