Thank you Brett, mainly for properly reading my inquiry and genuinely trying to help me.

In FL flood is typically the main cause along the coast.

We also have a bank account at a smaller Chicago community bank, but there technology isn't as good to be honest.I think @Jonathan Greene's main point is don't step over dollars to pick up pennies. 

There are two main ways to utilize this exemption.

Main thing I would think of if you are targeting families are things like pack and plays, cribs, gamerooms for kids, etc. as well.

. - The ultimate house hack, live in the small ADU unit and rent out the two levels of the main house on AirBnb in San Francisco (I would have thought STRs are oversaturated in S.F. but it worked for them and they stay fully booked).

Quote from @Jessie Matlock:One of my main questions is, I've been told I'll receive a K1 statement and that my monthly returns will be tax free. 1) Is it true they will be tax free? 

I think the main points would apply to you as well.STR is great, as long as you go into it with eyes wide open and reasonable expectations. 

This property had a main house, a pool house, an apartment over the 3-car garage, plus a 1,200 SF guest home.

The main Real Estate one, On The Market, and BP Money are some of my favorites, but I also listen to the Rookie show when the topics are interesting.