Any tips on where I can get some clarity on the topic?

I hope this provides some guidance/clarity! 

Those sit in 2nd lien position like a 2nd mortgage or again a personal loan for the 15% down payment (no lien or property required).If you want to talk about this in detail I can offer some clarity just reach out or message me I am always happy to help.

For further clarity...

I would speak to your insurance carrier to get more clarity.

That said, there has been some confusion set in and I am looking for clarity on: 1) how to go about a "cash" offer?

This may seem like it's splitting hairs but I assure it is not, it's CORRECTLY setting the stage of comprehension, as what comes next will give this clarity. 

I am for clarity not banking on the cashflow, they barely make any money at all but at least they pay for themselves and have some pretty cool other benefits like great principal pay down and depreciation.

Can someone please provide some clarity?

By correctly filling out these sections and ensuring clarity, you can effectively manage your property and protect your investment.Good luck!