You could be facing a huge fine if you proceed. 

., We were over a decade without insurance, and when I refinanced and insurance was needed, I had no trouble getting insurance in place.  

Quote from @Nicholas Dillon: I read somewhere that you can request to have your mortgage insurance dropped once your Loan to Value reaches 80%.

Any recommendations for Umbrella insurance providers for each partner to cover any liability?

You will need their advice on your state & local laws to properly proceed.

LA City here~How do you market your rental to insurance companies directly for temporary home placement?

The properties in OK, which are roughly 30-40% smaller than my personal residence are only about $400-$600 cheaper than my FL insurance.

@Ana Escudero Property insurance renewals have been challenging the past few years, but there’s some stability with carriers heading into 2025.

They are DESPERATE to find insurance and are striking out everywhere!!

I’d love your input on whether this deal could appeal to investors and how best to structure it.Property Details:Worth: ~$300,000HOA: $273/month, Taxes/Insurance: ~$170/monthCurrent Rent: $1,880/month (long-term); next tenant advertised at $1,950/month.Mid-term rental potential: ~$2,400/month (I haven’t tried this, but it’s my estimate).My Financing Idea:Large down payment: ~$125,000 (This is my priority to reinvest elsewhere).Seller-financed balance: ~$175,000 at 4.25% for 30 years.Buyers take over taxes, insurance, and HOA.Questions:1.