@Bond Dan, I would say welcome to BP but as I look up at your profile, I see you joined in 2017.You should utilize your profile page.  

All and all talk with your insurance company as you will be getting  multi-policy discount and browse around for the best deals without being upsold for extra coverage that isn't needed.

If you are okay with your return numbers then there is no issue with this property profile and location.

Here are some tips for networking and making the most of your account. 1) I'd fill out your profile fully before you do anything else!

Your profile is not filled out, but I question if you have the correct expectations for properties from wholesalers.  

Might go to my profile and to my posts, there are probably 1,000 posts on this topic, I can't write them all over again :)Additionally, if it is for investing then put on the face of the note "Commercial Note" you will avoid tons of regulatory issues as a commercial loan.

More passive and different risk profile to help with work/life balance. 

I've always filed myself, very cut and dry profile...single, no kids, no LLC, W2 wage.

Updated some things just incase my profile was out of date.

Also $1,400 a year is way too high for insurance on a rental of this profile.