Since the date of occupancy could change; So, I’m looking into possibility of vacant or unoccupied insurance coverage to protect our investment with the correct coverage.Living Area:- 3,800 SqFt.Near a lake but looks to be outside FEMA flood zoneARV: $425,000 - $450,000Previous property Hail damage claim (year 2014): $2,600Insurers Replacement costs: $600,000 (Looks high to me)Personal Property costs: $450,000 (Wow!)

Your client is being taken for a ride and if the company is legit being charged wayyyy too much. 

I’m also Active duty military so I don’t really have a lot time to ride around and search for off market properties.

Frank, Anthony & Colleen....thank you very much for that info, yes I will seek out some real estate investors' groups...I was looking mainly in the Brown University area, spread out as far as Yale....but need to tour the  New Haven area and feel comfortable with the ride and/ or have a trustworthy contractor/handyman.I have been to East Providence scoping the area, but need more intimate conversations with local investors.  

I've made lots of money and lost a lot, it's a roller coaster ride.

Good luck and enjoy the ride.

You are in for a fun ride, brother.Needs of the AF, etc., all true. 

Like I said, sourcing the gift to a family member makes for a MUCH smoother ride. 

Other than riding it out until the tenant's lease is done I don't really have any good advise.If you absolutely need the money then, the best bet is to negotiate a buyout for the current tenants, sell and pay the taxes.

I promise you - it will happen if you hold long enough - and holding for 10 years or more is the safest way to ride out market cycles and make good returns in the long run as long as you don't overpay in the short run.