There are still some docs required (ID, bank statements, copies of leases, copy of insurance, etc.), but it's WAY less document intensive than a conventional loan. 

They'll accept that and release your property, and your life goes on as normal with your new lender or leftover profit from the sale.

Should I cancel the LLC entirely and just rely on umbrella insurance?

This is our first multifamily project and we have aligned ourselves with the talent and knowledge to help bring this to life. 

A 10-page life vision is too much and too detailed.

Let’s break it down and explore how you might approach this idea, the challenges you could face, and ways to structure a deal that could work for both you and the landlord.Why the Landlord Might Be Open to SellingThey’ve moved out of state for health reasons and don’t have family nearby anymore, which might reduce their emotional attachment to the property.The idea of simplifying their life and pursuing something like sailing around the world suggests they could be open to letting go of the property if it helps them achieve their goals.With significant equity or potentially owning the property outright, selling could provide them with a substantial cash windfall to fund their future plans.However, their belongings on the property could signal hesitation to let go or simply a logistical barrier they haven’t addressed yet.

SW MN is hard to find Landlord Insurance, all local insurance companies say thy quote you landlord insurance, but they realy quote you general home owners insurance.

Also, cash flow from the rental needs to cover your mortgage, insurance, and taxes.

Hi Benjamin, call three insurance companies and get a quote, start there first.

You already understand investing, and clearly, you have been pretty successful in life.