I am currently a Senior at Iowa State University studying Supply Chain Management & Marketing.

As a general rule, you want to use an S-corporation.While liability concerns are an issue, that is not the main reason I am saying to use an S-corporation. 

If demand stays high.....not so much.Broken record here, but look closely at where we are in the r.e. cycle and try to size up the potential for supply saturation.

I'm not sure if Indiana offers a non-NFIP insurance option or not but if they are like Ohio than NFIP is your only option... however not all agents understand how NFIP works or how to give you coverage options.If your main goal is checking the box for flood insurance at the lowest possible cost I would suggest asking the bank what is the least amount of coverage  and what is the maximum deductible they will accept - then get an agent to quote it that way.I'm NOT saying this is a good idea to insure your property this way - you really need to investigate the risk and talk with your agent on what your level of risk tolerance is.Many agents will try and quote it at the full reconstruction cost amount like it's an owner occupied property.

What is the supply and deemed for apartments in the market?

It’s a rural river front property and main highway exposure is Airbnb a good option in the valley?

A way that I think I could really come out on top is by living in a garage and renting out the main rooms.

OR also requires that you at least permit lock changing by the victim but they do have to supply landlord with the key within a reasonable period.My question really pertains to not know where the wife was.

What are the fees, penalties, or other main factors to consider with these accounts?  

One of the main avenues I know that I need to involve myself in is to connect with local Real Estate Agents.