We purchased it off market, as-is, and as it was our personal home, we renovated over time.

It’s usually best to open a separate business checking account so your rental income and expenses stay organized and away from personal funds.

Apparently, the person I am under contract with was managing the estate of the actual owner who recently died.  

It's a personal preference.

@Richard Rafferty, given the relatively small nature you are looking to take on with your first syndication, personally, I would find it hard justify the typically 20-30k+ for a paid mentor. 

Insurance- personal property.  

And not even posts where users give me and/or BiggerPockets negative feedback, no matter how much I do not like the posts, or how untruthful I personally feel them to be.

Your personal loan has a 5 year balloon period.  

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Code § 1343 - Fraud by wire, or commits unjust enrichment, or violates 18 USC Ch. 47: Fraud And False Statements, or perpetrates a foreclosure rescue scheme, or takes advantage of "protected person" or violates the Dodd-Frank law and/or the S.A.F.E.