Here’s the situation:Purchase Price: $540,000Down Payment: 20%Mortgage Rate: 7.125% (30-year fixed)Monthly Expenses (Mortgage, HOA, Taxes, Insurance): $3,706Realistic Max Rent: $3,000As you can see, I’m currently short $706/month even with max rent.

There are plenty out there with fair rates and lower fees.

Regarding not being paid, have you contacted them?  

That way you'd get local contacts and there's no reason for anyone to hoard their insurance agent so they should be forthcoming.

Daniel,Memphis is a great market for investors and we have continually seen growth in both rental rates and property values. 

We have no interest in contact data gathering, as that space has been well developed. 

If you own this as a rental then there is not homestead exemption and you'll pay much higher tax rate than a resident/owner occupant in SC. 

Why can't you contact them and ask these questions?

It's no different than their 2-year, low interest rate teaser houses.

When the house eventually sold, I contacted the buyers agent and explained it to him so he could be the hero with his clients and show them how they could save a bundle on their property taxes by appealing and getting that corrected!