I've seen many people suggest a cash out refi but I like the flexibility of the heloc.

I normally advise that people start a business as a sole propeitor in their first year.If it is successful and something you want to continue, then have a conversation regarding entities.

It's mostly retired people or people who have no money.

People want to be on the water not near it.

But, people will always be able to see the prior listing history under the Price History section of the listing.

You might need to file 1099s if you used contractors or other people whom you paid for labor:https://www.biggerpockets.com/forums/51/topics/1167632-expla...

This is a great place to learn and to connect with people so take advantage of all the great resources.

Even so, most people choose to buy coverage for things even if there's a 99% chance they won't need it.  

Property classes are different from neighborhood classes, and many people often use them in combination.

One thing to remember when you are getting into RE investing is to have your team of people or as Brandon Turner from the Bigger Pockets Podcast calls it your CORE 41.