I provide to the insurance agent the breakdown in this instance $185,000 (purchase) and $40,000 (renovations).How should I best communicate to the insurance agent how much property insurance that I want (and communicate it in such a way that they he/she clearly understands)?

I have pretty good communication with the potential buyer, besides being a landlord in the immediate area, he has been a family acquaintance for years.

QUESTION #4: HOW OFTEN DO YOU COMMUNICATE WITH INVESTORS AND WHAT DOES THAT LOOK LIKE?

@Rich Schmidt I know the feeling.

You may want to somewhat hide your identity from tenants though, which if set up correctly, an LLC can do.You didn't ask, but... you should ask your PMC a LOT of questions about HOW they will execute their services and how they will communicate with you.

Personally if they were polite with good communication and nothing was stolen or damaged.

(Saw them starting to move out yesterday they have not communicated or provided fwd address) Let's call them The Rushmores, they have overstayed unpaid for 7 months now!)

Here are a few I recommend: "Rich Dad, Poor Dad" by Roberto Kiyosaki; "Set for Life" by Scott Trench; "The Unofficial Guide to Real Estate Investing" by Spencer; "The BiggerPockets Ultimate Beginners Guide" found here on BP; "The Book on Rental Property Investing" by Brandon Tuner.

It's mostly sales, good communication, and social media in today's world.

Ensure that you market and clearly communicate your requirements to prospective candidates.