Any advice, tips, or personal anecdotes you could share would be greatly appreciated as I contemplate taking the leap into the world of Airbnb co-hosting.Thank you all in advance for your insights and guidance!

Also, almost any kind of loan to an LLC whose business is real estate investment will need to be guaranteed by you anyways.2.

I am thinking of giving all the work to GC so the lender asked that i got with some approved GC so he feels comfortable work will be done correctly.This Lender is local only and does business with in that city so not sure i will be much help.

It is very overwhelming to get into the real estate business with so many people already in the game. 

If you don't want to get your lenders in trouble, pick up a copy of Lend to Live in the BP bookstore for both of you to educate yourself on how to do it the proper way so that it's a true business transaction and not cutting corners just because you know each other personally. 

It is a competitive business and you have to really love hospitality (in my opinion) to get into STR, passive or not. 

I have a business opportunity to partner with a friend in purchasing  Property.

Let’s just say that this was not a good start to my RE business. 

I am making this my big push, as it is a win-win right now, alongside my property management business.

If you're uncomfortable with documents, get a business lawyer to write them for you.