FYI, most of my CFO clients borrow from HMLs that will lend up to 100% of their rehab costs. 

Most likely your insurance deductible will be more than that and an attorney will definitely cost you more than that.

Cash flow approximately 350 a month.Option 2: Use the cash to buy land to build a 6 bed 4 bath duplex, all in cost approximately 300k/330k. 

Most of my experience lies in the longterm rental property world, but we just picked up a short-term rental in Vermont and are going through the process of getting it ready to go.The property cost about $415k, and my insurance quote for homeowners + liability was about $4k, which seemed high to me.Obviously insurance quotes vary greatly by policy, but wanted to get a sense as to what others were paying and what provider they used.I am used to long-term rental policies, which seem to be less expensive.Thanks in advance!

I always a little under my target amount ( a month interest and half the cost of the attorney) so they can negotiate. 

•This additional income can help offset costs and increase your total reported income for future pre-approvals.5.

So, what is my most preferred to least preferred, it all comes down to cost of capital.  

@Yooni Choi managing from out of state (OOS) with ZERO previous landlord experience - probably won't go well.You WILL make a lot of mistakes that will cost you money.

Imagine if it cost 1000 to send out 50 letters but half of them responded and half of those wanted an offer and half of those accepted an offer and half of those closed and half of those resold for a net 50k. 

Given the latter costs, a corporation can be the best solution only if you buy multiple properties.