Become a subject matter expert for the portion of real estate investing you're interested in.Focus on what you can change/control, and the rest will follow.

I am not an expert to maybe you should consult with lawyer and accountant but if its sole-ownership LLC, it doest not really matter for tax purpose if you are filing schedule E. 

I also removed a diving board from one of the pools, as the insurance company I wanted to use would not even write a policy with a diving board installed.In the meantime, I would like to know your thoughts on this, as far as how you may have handled a situation like this, or maybe an insurance expert that can give me advice on what coverage I need to have to protect myself?  

Find a local expert on the ground that's able to explain the market to you and act on your behalf.

You want them to think you're an expert who has done this 100 times.

@Matthew MillerI hope some fellow real estate experts can chime in on this, but yeah, I believe they can.

I'm not an expert on this, just my 2c. 

I would appreciate any advice and tips from the experts out there.Thank you!

A lot of neighborhoods can be street by street here with many different intricacies so becoming an expert in the local geography is definitely valuable prior to starting. 

The logic is Ikea has paid experts designing the items and color patterns.