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"Homestead Friends"
I've figured out what "[Can register more homestead friends.]" means (in the building descriptions), which is how many friends that can be added to the "Allowed" tab on the "Visitor List", and not how many homesteads you can favourite; I do not have any buildings on my homestead (for space reasons), and found the maximum is three people. The maximum for a camp/igloo is 5 and leads me to believe it follows the amount in the description column of the homestead buildings table. I will continue to attempt to confirm.
3 - No buildings 5 - Camp/igloo 15? - House 30? - Mansion
Reading through the "Visitor Information" section, it already states my findings; however, it was not changed under the buildings section.
I'm hoping this has nothing to do with how many people can physically ENTER your homestead at one time... I would imagine it doesn't, and I could probably have as many people as I want, but I should probably test this to make sure... I'm wanting to delete my house.