A scam.

Secondly, short-term rentals provide flexibility for owners, allowing them to potentially use the property themselves when not rented out.

Potential income 600k-800k.3.

The insurance is higher along the coastal areas because of potential hurricanes but not bad the further north you go.  

I wholeheartedly believe in the end you will come out ahead, but you must be prepared to weather potential storms with the strain of limited to no cash flow, which can be challenging. 

Flipping, renting, or sitting tight for long-term appreciation-there is potential for anyone willing to do the work.

Also, factor in potential interest rate changes if the HELOC isn’t fixed.

What are the next steps---BRRR seems like a good method for this- as theres potential for long term renters(near elementary and highschool)Step 1- look for a hard money loan(will they also cover construction?

I was reading up about it, and saw that the cons of oil heating include needing to top up the oil supply, lower efficiency (than gas and electric), and potential leaking of tanks leading to environmental issues.Is anyone familiar with oil heated homes?

The remaining potential issue is their rental properties.