i do shorter amms because i want them paid off, and keep the cash flow, its one thing if you want 100+ properties, but 15- 20 paid for ones gives me an easy 6 figure income forever, and ever, and my kids lives and their kids lives if managed properly. pay alittle more now for the flexibility, and get them paid off, so what if you have to re-up in 3-5 years, interest rates wont be 10% then, and if they are inflation will drive your rents to cover it anyway, inflation is great in real estate, it means your property will be worth more,  but the purchase price was pre inflation.

I previously ran nuclear power plants in the Navy, so my trend analysis and project management skills are hugely useful in helping me execute on my vision.  

Born & Raised in Cranston, went to college in Bristol, lived in EP for a while and work as an Account Executive for Lamar Advertising.

Make sure whomever you're hiring follows proper safety practices, has a safety plan, proper tools, PPE (personal protection equipment), etc......especially on a demo job.  

I just executed a lease option for a tenant buyer of one of my houses.  

and how does seller execute when buyer stop paying the payment(s)?  

I will always find deals I can't afford; it's actually executing on the deals that you afford can that makes the difference in your success.

You may lose an entity to litigation as well any property it holds, but the other entities are not involved if your structure is done properly.

There ARE so many right answers to your question.I feel that you can find profitable flips in any almost any area with proper marketing, due diligence, and proper project management.  

Business wise the smart move is to get a permit and build a proper separate unit in the basement.