It's a unique hybrid with qualities of both the long term and short term strategies but is, without a doubt, a hospitality business.

It doesn’t matter that it might be a business-purpose loan.All of our loans are for 1-4 residential flips.

You have to determine if your business plan is to always shop around for rates or is it to make your lender part of your team.If they are part of your team and know your plans it doesn't matter. 

Tools I use for my STR business are Hospitable, Safely, & Touchstay.Important note to consider:If you're the go-getter type with time to spare and want to be hands-on, I'd recommend self managing and capturing as much revenue as you can by implementing tools like PriceLabs, Hospitable, TouchStay, etc to run a more efficient STR!

However this is more circumstantial and may not apply to your situation.My suggestion is to focus more on the operations of your business.

How long should the company have been in the business?

With that crew, how many flips do you need to plan in a year to keep them busy?

Which in turn will bring plenty of other investors and general business to the market.

I relied totally on JWB & Horizon to guide me thru the process, but as I'm getting closer to closing the deal, I'm getting cold feet realizing that I should have done all of my homework myself. what if it's a mistake and certainly don't want any legal issues. do I need to register my LLC in FL as a foreign entity doing business there since it'll be collecting rents?

I started my RE Investing journey in 2023 learning from some people who are already successful in the business.