But I would suggest exploring all options to make sure you are getting the best rate and terms.

Get a stable income, job and start with going the simple route.

First off I took the realtors suggestion and listed with the property management company he promoted to me.

My suggestion to improve your cash flow is to find another bank/lender.

Keep your first deal simple, and don’t be afraid to reach out if you need help or want a second set of eyes on a deal!

Its not as simple as using eviction law even after you closed and now are the owner. 

I suggest you enter private money goldmine in search botton at top right of the screen and read the previous posts....here is one that gives good perspective as well as a link to legitimate private lenders.http://www.biggerpockets.com/forums/92/topics/1488...

Any suggestions on companies that would be willing to insure without charging 30+ thousand a year??

I'm curious as to whether others have walked this mile and whether you have any suggestions on how I can accomplish this. 

If it's a good rental and you don't need to sell, sit tight but if you can sell at a profit and reinvest into a better property I would suggest that.