Complicated post and I realize this might be more geared to a CPA, but figured I would try here and see if anyone else has come across a similar situation.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

@Fetch PhoenixI'll add something that may apply....your current policy may already exclude wind and/or fire, which means that you could already be without protection. 

what insurance protection does avantstay provide?

You take out those utilities from the S8 voucher rent and the resulting NET rent is often BELOW market rents.Ask more questions to protect yourself from being taken advantage of. 

It's comforting knowing that you have some sort of protection there. 

Our offers include clauses allowing us to do our due diligence before closing and protect Earnest Money Deposit (EMD).

I’d like to be protected if it takes longer than 60 days to sell a spec.

The lender required me to quit claim out of my LLC which I use for asset protection.

If you will be multiple places chat with an attorney to see if one is most beneficial protection wise, you'll need to register that LLC in the other operating states as a foreign LLC doing business there.