A misconception about the real estate professional status (REPS) is that you can be in a real property trade or business (in your case, home building company) and still qualify. 

My business partner also has a lot of knowledge around marketing strategies for this type of STR.

Now as far as business I am conducting can require me to have an LLC or business license in the state I am in.

A large percentage of small businesses are defaulting on rents and their loans.4.

If anyone in this group has experience with forming long term partnerships with other wholesalers that you get into business with via an llc please reach out to me.

It would qualify for a SBA loan as an operating business. 

Shippers/logistics are going to be lighter use (although these seem to be more volatile businesses). 

I want to implement some additional verbiage in our rental agreement so this doesn't happen again and things are crystal clear to us/tenants who do end up being "month to month".

A friend, relative, or business associate might be this.

Well it is just previous SFH we used to live in turned into rentals, my parents knowledge in RE isn’t as good as say our knowledge in the restaurant or business industry. but i get what you’re saying which is why we are trying to pivot whilst we have the nice cash from our business coming in to help fund our deals.The thing with the New Construction is it will take a lot of my powder but i can save it again pretty fast considering the very frugal life i live and the amount i work. but crazy to say some of the time atleast right now in my area new construct is better deal than existing buildings. its crazy ik but its true