Property values here are doing well and so are rent increases due to students needing a place to live.

I have owned 30+ properties with 1 split meter and never saw the point in doing it as I would have to pay thousands to meter it out and then lower rent to be competitive with everyone else

Be careful that you do not pump money into a program claiming to make you an investor and provide help in doing so . . . it will quickly become your fault for not being successful when you question things and the mentor aspect offered will disappear.Find local investors, get the foundation you need to focus on your area and stay positive in the journey,. 

Excluded gain under 121 is yours to do with as you please. 

With several hiking trails/boats/kayaks/bicycles/etc, and just nature in general, what do most people do protect themselves from potential issues?

I love what I do everyday!

If you are planning to do a few of them or even just a couple a year, it might be good to check in with a broker that is familiar with the space and has the connections and knowledge to help get you what you need. 

What do you suggest is the best entity classification to choose from for a new, up-in-coming business owner to get the best balance between liability protection and tax advantages? 

Do you plan to manage it yourself or look for an operator?

I never would have been able to do that if I had been renting this entire time.4.