We are going to have the renters get a renter's insurance for the tenure of the lease as well.Any advantages of keeping the policy as HO3 vs converting to DP3.Please explain and clarify how should we proceed. 

This is the main advantage of the S Corp is after you pay yourself a reasonable salary, the rest of the distributions should be taken as a dividend this not subjecting the income to payroll taxes.The form of payment any legal tender available to the S Corp and the recipient...

My main reason in saying this is that you simply get a higher ROI when you have higher year-round occupancy  then when your place sits vacant for many months of the year This brings to light a whole new advantage of investing in the southern half of the US, because you’re not dependent on one season for the bulk of your year-round revenues Look, we know this won’t last forever.

For flipping is another story but the only advantage with rentals is that they can make you as competitive as a straight cash offer without you actually having to pay the full amount.

Dave doesn't leverage debt for his real estate, so expecting him to preach about the benefits of debt or how to utilize debt to your advantage isn't expected, nor would it make sense.

I wanted to take advantage of my FHA and house-hack as an owner occupant.

As jamie just noted I did a webinar yesterday on this topic on showing investors how advantageous a partial can be for all parties involved. 

You should get some basic knowledge so you don't get taken advantage of and know at a high level what needs to be done. 

I just don't want my PM to take advantage of me being out of state.I need some tips on managing my manager.

That's a real competitive advantage in our market.If you can swing it, consider doing a mini-split for each unit and decommissioning the oil unit/ductwork.