Or does one need a special license / need to open a company?   

I will be furnishing one side for now and leasing to a mid term rental until i get a property management company that will work the property or get it leased out to students What was the outcome?

They were a law firm who hunts class action suits to go against companies. 

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

It’s my brother and 2 good friends that have some experience. the money lender would be a family member of mine lending out of their self directed IRA so they will be lenient with us.

Interview reputable property management companies.

A few that sell and manage, or know management companies.  

When I had to switch Property Management companies, they suggested that I do include pets in my rental listing. 

With 20 years of experience managing 30+ long-term rentals, a few STRs, and running a property management company in Central Florida, I’ve learned both have their place in a portfolio if you diversify based on your risk tolerance and the timing for your goals.

And how do you determine your company's returns on these types of projects?