You can make closing contingent upon finding a tenant that you approve.The fact that they are being transparent about this is actually a really good thing.

Many people are in debt from this course and didn’t make any money but if Kris Thomas and Jessie Griffin were transparent about the risk and truth about the course many of us would have not taken the course.

On the other hand, if I do go through insurance, they might find reasons not to pay out, resulting in another zero-dollar claim.Do you have any recommendations for where to find a reliable, trustworthy, transparent, and accurate insurance company or agent?

I'd search for a quality PM focusing on STR's in your area, make sure they have good reviews and transparent pricing, and go with them.

My goal for this post was to give some transparency for anyone that is considering this approach. 

Go with who is most transparent and has tons of evictions under their belt.

So, the best way to build a list of cash buyers is to become an expert at acquisition and transparency.

I hate to use BP as advertising but I want to say that we are an exceptionally transparent company.  

And how transparent do I need to be with my tenants when it comes to the fact that the house is paid off?

This separation helps in maintaining clear financial records and simplifies tax reporting and financial management.Setting up an escrow account specifically for rental income within your LLC can offer several benefits:Financial Clarity: It separates rent payments from other operational expenses, making it easier to track income and expenses related to the rental property.Legal and Compliance: Helps in demonstrating that rental income is kept distinct from personal or other business funds, which can be important for legal and tax compliance purposes.Tenant Transparency: It provides transparency to tenants and other stakeholders regarding where rental payments are deposited and how they are managed.While it may not be a legal requirement in all cases, maintaining an escrow account specifically for rental income is a prudent practice that many experienced investors and landlords follow.