We also like the Shenandoah National Park area, but its near the limit of how far we would want to go for our first STR (4.5hr drive). 

Reinforce changes to the property aren't allowed and state it in your lease (no painting, wall building, wall moving, etc), talk about specific lease restrictions (e.g. no pools and trampolines, limits to guests, animals) on lease signing. 

I invest in Alberta and it looks like the maximum affordability level would be extremely easy to meet and give enough points for 5% down 50 years amortization and limited recourse. https://www.cmhc-schl.gc.ca/...

Once that one was paid off we then moved to the next lowest and on and on...The snowball method (lowest balance first) is simplest if all rates and terms are similar, especially if you're bumping up against the number of GSE loans you can have limits. 

Are there any SEC/other regulations limiting those participants to "accredited investors" only?

Are there any SEC/other regulations limiting those participants to "accredited investors" only?

We also have limits on building or placing new structures on our property.

Unrecaptured section 1250 gains are limited to 25% for 2019.

That type of coverage provides an additional limit of liability (normally in increments of $1,000,000) above your home, auto, boat, RV, etc. liability coverage.

Don't want to put in a lot of time and expense to find out you didn't get your tax obligations minimized.Once you have the LLC's set up, insurance can provide high liability limits to protect the equity in the LLC's.