But regular RE bores me. 

I speak to people less than 20 years old who are just starting to save $ for their first deal and so many of them want to buy properties such as the one you are describing here.Despite case studies (and possibly demand) being scarce in your market, the #s don't lie!

Ignore the neighbor - she will up the torment to get a reaction from you and when you refuse to give one, she'll get bored and move on to another victim. 

Studies show salt air affects buildings up to 50 miles inland.   

I just created a case study of my experience with Fund & Grow - feel free to check it out here!

However it did lead me to deeply studying REI as a strategy.

So I study to find which properties are doing irrational amounts of revenue in the markets I am looking at and elsewhere to figure out what type of experience to create. 

I’m not suggesting you get caught in analysis paralysis but studies have shown repeatedly that those that set goals see an exponentially higher level of success than those that don’t.

There are many topics that you should study that are not included in most books.

That said, in the one in a million chance existed for you to assume one, no you don't have to be current with no lates for 24 months but, you would have to qualify.Just what I assumed from studying NC.