First time buyer, property under agreement, what's my next steps?

[Cosmo Lee]

Hello everyone,

I'm in the closing stages of acquiring my first investment property!  I just want to ask what my next steps are.  I feel I have a good action plan, but wanted to check with more experienced investors just in case I'm missing anything.  

Here's the situation:

Title work has been done.

Out of state investor, buying the prop in Indiana.

Buying from a wholesaler

Financed the deal with a local portfolio lender where I'm buying from.

Appraisal is being done today

Inspection next week.  

Have referral for prop manager but haven't contacted yet.

Close expected 1st-2nd week of July.

I think my next steps is to contact an insurance company to get my property insured.  At what point do I send the rest of the money to finalize the purchase, is it after inspection? Anything else I need to do and/or set up and look out for?  Otherwise I think it'll be a smooth transaction.  If you need additional details please let me know.

[Aaron K.]

Insurance should be top priority followed closely by property management, the rest of the money will be wired near when you are about to close, call the title/ escrow company for specific details on when and how much.  Make sure you double check their math, I have caught mistakes before.