You came to the right place, Jason!

One of the best places to see what's out there in your area is to check Airbnb AND Pricelabs. 

With as many people he has done this to, I imagine he will be placed in jail.

Make sure you work with someone who’s also an investor—they’ll treat your place like their own.

This is a great place to connect and learn from others. 

Also seems like a lot of MF sells occupied with tenants in place so you just have to comfortable with that and contracting up from and seeing inside after contracting.    1st step is to find a great lender and get pre-approved for a loan so you know what your budget is. 

Knowing your current state comps is a great place to start and a real estate agent can help pull those figures quickly. 

During the 2008 financial crisis, both entities were placed under conservatorship by the Federal Housing Finance Agency (FHFA) to stabilize the housing market.

It will be very important to have both in place because of the fact I will be investing out-of-state.

If so the carrier has the right to deny any/all claims you make or if they want to be nice they will settle the claim and retro charge you the premium you would have owed having the proper policy in place when you started renting it out.Talk to a legit local agent and tell them what is going on and get them to run down all the exposures you have and what you could do to best protect yourself for the best possible premium.