You might have done it for some special effect but anytime someone on here posts a dark pic or uses the default icon, or their icon it puts a cloud of mystery over them and not in a good way.

You'll see a lot of people saying you should just jump in to avoid "Analysis paralysis".But I think this should be framed or caveated with the importance of education, which a lot of folks on the forum do.In my opinion, you’re approach is excellent.You’ve created a game plan (thru your business plan) and outlined a timeline.Now you have specific criteria which will prevent sensory overload and limit the effects of the “next shiny object”.In addition, your timeline should ensure that you don’t sit on the sideline indefinitely.You’re well on your way!

Would this effect what type of insurance is needed?

At this point, I am really trying to control costs and would prefer something that is both cost efficient as well as effective.

However, if you can obtain cost effective financing for investment real estate that is the way to go.

And also go along with the recommendations above.By trying all channels, you will see what is most viable/cost effective so you can create a solid long-term strategy. 

I would like to form a business structure to operate within but not sure which is the most cost effective.

As you may have heard, the Polar Vortex was in full effect, and that really halted any progress that I was going to make with that property :-(.

If I am approved for option 1, it would get about $1800 cash flow per month.Option 2: with the higher rate, my cash flow is only $1400 per month...but also effecting my current loans of the 4 houses with the rate of 4.25 to 4.875. 

Which is the very definition of lying.Nor does the effectiveness of lying as a business model change the fact that lying is lying.