House hacking is the best tried-and-true method for new investors in my opinion.

That "pipe" is known as a Line Set. 

In that case you should get an attorney involved as encroachment would be a material issue that if known should have been disclosed both to the broker and to any potential buyer.  

Ive known Dave for years now, and the one word Id use to describe him is Integrity.

Lake Toho is known for bass fishing.

And private financing can be wise if you are a diligent investor, which it seems like you are:)*If I would have known then what I know now, I would have used my first loan to land the largest deal that I could have. 

Fellow Iowan as well.

Each state has what's known as Admitted and Non-Admitted Carriers.

If you're planning on only living there 1-2 years, rent may not change THAT much, so calculate what the rent would likely be right now for your side as well. 4.

Having a lease in place will help you as well - some lenders won't refi a vacant property.For your refi, you're usually looking at 75-80% max LTV with a debt service loan.