It might have been bound but many insurance companies have put those new policies on hold if the purchase has not happened due to the disaster and letting the mortgagee(lender) know that the policy is on hold.

Once we identify a location that meets our criteria, we network with builders, property managers, lenders, insurance companies, CPA's, attorney's, etc. that service that area to have the entire team already established you need to be a successful investor regardless of your physical location or experience level.

I figure nothing in life is that easy.

The only purpose of the account would be to collect payments and pay bills like taxes and insurance on assets held by the LLC.

Rates are currently in the mid-high 5.00%'s, plus mortgage insurance premium (MIP).

The taxes and insurance sound like where we are in St Augustine and NY. 

Not sure if they have upgraded to desktop appraisals but if they are still doing in person appraisals , make sure you get everything (scope of work, good faith deposit, social, LLC docs, insurance, proof of prior experience, financial statements) in ASAP.

These are people who normally buy homes but temporarily rent while resolving whatever life circumstances made renting a better option.

Life started moving fast as many probably can understand and I completely fell of track.

My family has been in it all my life.