Based on the rider, this has to be a secondary home for at least 1 year.

I will qualify for REP status based on STR loophole.  

First - Have a conversation with your CPA to see if will be beneficial. it appears that you are unsure based on the phrase "hoping it would benefit us".

Whether through books, online courses, or hands-on experience, there are countless avenues for expanding your knowledge base without having to rely on paid sources.In conclusion, don't be fooled by those who seek to profit from what should be freely shared.

Decide which game you want to play.

I am not 100% sure on this though so I would definitely advise talking to a professional.Lastly, based on your portfolio and your questions, it sounds like you are a high learner but haven't been making that great of returns in your portfolio.

The more let's just say rambunctious your tenant base is the more you will have to landlord.

They base their decision on the "flood certificate" or "flood cert" and either your insurance company or your lender can check this for you. 

For a lack of better words 38109 is a tricky area.

In other words, if I purchased some work pants for me to do rehabs, are you saying I can't wear them on non-working days?