There is a flaw in the business model and thier internal processes need a lot of work.First the good,Yes, I got paid every month.Nomad found me good renters.Next the badDue to needing to make the guaranteed rent they rented my unit below market valueIn communicating with Nomad they were disorganized, often sending conflicting messages and not alignedNomad offered to find me a repair company, that compnany charged $400 for a $25 dollar part and I was stuck with Nomad saying "not their problem" and the vendor saying Nomad was the client not me.Nomad was horrible to my renters as their property management term ended.

@Jackson Pudlo you'll have a better chance of success managing a unit right next door and learn a lot.Versus...Buying a rental in a few years that not near you.One of the biggest mistakes newbie investors make is not paying enough attention to their rentals because they are too busy with family & work.You really won't be able to ignore a rental next door to you!

How many small banks and businesses went bankrupt and closed?

It could be some sort of skill set for renovations, design for furnished rentals, specific market knowledge, owner occupied loan products for a house hack, etc. 

Am I giving myself another job/business?

The issue is you cannot force insurance companies to do business in the state.

Which would be more effective for pitching my Airbnb arbitrage business?

Quote from @Sergio P Ramos: Update:I've been really busy since my last interaction.

And don't forget, states don't have 4-profit business to create wealth, no money-tree out in a yard to shake, states $ is from THE PEOPLE, so that $50 Billion is all Californians paying for it.  

Never should you be paying 2.5 points on an FHA product.