Your passion for the STR will directly tie back to the experience you provide your guests, which will dictate your reviews which will end up dictating your occupancy rate which will lead to your true revenue.  

Every deal is different and they may have Title ties which would need to be broken up. 

Their clothes, shoes, gloves get diesel fuel and its precursors all over them. 

There's no better way to learn than from someone who has already been in your shoes.

Yes, it tied up cash that I could now use more effectively.

In your shoes, based on the info supplied, if they both do business law, that's likely enough for the business structure parts you're looking for and likely either will do the job.

I was actually in your shoes just about one year ago and purchased my first duplex in March in GR.

I’d much rather be in his shoes than the person with 50 doors and barely any profit.

When considering these surfaces, know that the rock can get stuck in the treads of shoes easily and they will destroy vinyl and wood flooring. 

Your biggest "issue" is that you have $150k tied up in a house that even with your numbers only nets you $500/month.