Like someone else said earlier the terms of financing can vary significantly based on the lender, as well as the strength of the borrower or the specifics of the deal.

I like a HELOC for an emergency fund, as well. 

The Excess Liability only follows the form of the underlying policies listedYou may have difficulty getting the umbrella because it normally covers over the Auto and Homeowners Liability as well. 

I like that you can set up specific start and end dates/times for each code as well. 

Investing in well built properties that are able to generate positive cash flow with current rental rates2.

(go look at business credit)Next, some costs...really insurance...is very expensive on the commercial side (well, for STRs specifically, insurance is very pricey).  

It might as well be a 12-month lease, in the eyes of the city.

The idea that the very thing I enjoyed most could potentially make me financially free one day seemed to breathe life back into a confused, lost 16-year-old.For over a year, I continued to watch, listen, and read about real estate investing, as well as study to take my Michigan Real Estate License exam.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Getting your license, or learning another industry within RE — mortgages, insurance, property management, etc — will help you build a career and connections, as well.