To clarify, the biggest distinction between a second home and a rental is the 10% down?

I like Columbus Ohio because I see it being one of the biggest metropolitan cities in the next 10-20 years, all signs are pointing here!

This is one of the biggest cruxs of investors, the fear of missing out or just  putting something on the table versus getting something really good.

Yes, so far it's been a simple module but the biggest benefit is the weekly support calls where you can get questions answered by the instructor.

as long as owner intents to occupy and has control, they are able to lease out. the biggest thing would be to not have a PM manage the property, as of that point they would then have control over availability. straight from FNMA guideshttps://selling-guide.fanniemae.com/sel/b2-1.1-01/occupancy-types#:~:text=Second%20Home%20Properties,-The%20table%20below&text=If%20the%20lender%20identifies%20rental,including%20the%20occupancy%20requirement%20above).

A lot of opportunities to buy aged C-class homes at 8, 9, 10 caps.Small investor expense ratios are 40%.Large operator expense ratios are 37/38 %.Large platforms/institution expense ratios are 33/34%Big benefit of blanket insurance policies is to drive costs down.A lot of BFR is looking for a bridge product for 2 years to hope rates get back down in the 5% range.Cannot use HPA on BFR communities you plan on selling based on cash flow.5-18% rental premium being achieved based on new construction communities compared to new construction scatter sites.For real time comps go to biggest operators BFR, small multifamily.More confidence about the cost of construction having stabilized.Some products which will not be good for retail buyers will also not be good for rentals.

If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).

The biggest being the strength of the team. - How are they currently navigating in difficult markets? 

The biggest threat to her not getting her money is you structuring a bad deal and then having to default on the loan!  

The HEI/HEA is not feasible because of the percentages most companies are wanting to take (some are over 50% of the appreciation from the date of the HEA).The biggest question is that we'd be losing our 2.875% rate, which will be paid off in 15 yrs.