Simple answer to your question is no.  

Here are a few initial questions that I have: - I'm wondering if there's a recommended corporate structure for these type of business activities, focused primarily on both short-term and long-term rentals.

I appreciate your question and perspective on passive income.

This involves showing units, answering questions, and helping with paperwork.Bird Dogging: In real estate, a bird dog scouts out potential investment properties for investors.

Clint, thank you for responding to my question.

I have lots of questions and am interested in hearing people's experiences in Abq's housing market. 

Another option is to YouTube and look at different sources on these questions..

The stream bed in question is small/ephermeral, and the properties haven't flood in 12 years, even when the local area has seen some massive flooding in the last decade.  

Andrew - The other item I share with the contractor is that if the township/borough/city has any issues/questions with the work product I always request them to address/fix.

To answer your question:1.