Is this because you had a PM with insurance for this kind of thing or was this a clause in your individual building insurance policy?

Everyone has different opinions on this and it really comes down to personal preference.

I find land lording experience to be more work and stress than I would prefer with small kids, but that it is still a nice defensive portfolio position.

But some of it will come down to personal preference. 

As an investor, you'll need to wait until this period expires before your offer will be considered.Additionally, Freddie Mac may require proof of funds or a pre-approval letter with your offer, and they often prefer cash offers or conventional financing.

They are both good; personal preference.  

Reach out to each individual syndicator that you like to discuss your questions.

However, the actual deadline would be April 15, 2025 my individual tax payer filing deadline per Rev.

Is there another mountain area with much higher cap rates, even out of state but preferably in the upper western US?

I am part of BGNF (what @Jeff Brown mentioned above) and the preferred return is there every month.