I'd also suspect that as an owner-occupant, one might be able to skirt strict STR laws, and rent out a primary in an extremely in-demand market, especially in the near-term (think collecting huge fees seasonally around CU football games the next few years). 

And we both work extremely hard for each other, and make no excuses.When you are vetting a partner, ask yourself What value am I going to bring to this partnership?

It is extremely rare and not even worth putting effort into additional protections.

Paying a professional to help guide you through this process is VITAL on your first several development deals.

Since I am doing it virtually how do I go on about the title company process and is it vital, I've heard some buyers have their own title company.

Hey Tom, we've used B2 and Tidewater and have been extremely happy with both. 

As you've noticed, rental property insurance is extremely tough to find in Louisiana right now, and will be highly dependent on the age of the roofs on your properties.

It is becoming extremely unsightly as they continue to build and will eventually bring tourism/desirability down (in my opinion).  

On a positive note, I am going to share some vital advice my father taught me that might help you in the future:1.

As a newbie your and other comments here have taught me that follow up is vitally important.