With me being a beginning investor, Zach has been very patient in listening to me sort out my inner doubts/conflicts while also helping me better understand the stages of purchasing an investment.

We pay for the property taxes, the water and sewer bill, and usually do some sort of capital improvement to the property based on his rent each year.

What kind of affect if any would this have on any sort of financing that is in the works to purchase the property?

In 2030-2031, taxes will be $349/month based on the information shared here.Seems as though the agent may be giving you a conservative figure which isn't the worst thing here.You are, however, right to be a bit skeptical here as this is a wide discrepancy.Has your attorney looked into this for you?

Not to mention the paperwork pain involved with each claim Any thoughts on just not having any insurance at all, or just some sort of liability and really high deductible ?

@Wilson Vanhook  You'd have to finance that $100k in some sort of way if you don't have it. 

You will find all sorts of good stuff for free or next to nothing.

You can look into an Asset depletion loan or some sort of trust income loan.

I go my the saying "inaction is the worst action"- meaning sitting around waiting is not what you should be doing.

The worst part is that the PE guys probably lost all the LP capital (if they are big enough this is pensioners and teachers funds) but generated big fees from acquisition and management.All we can do is wait for them to be exposed and make the headlines about them ourselves, before the media does.