I've seen some owners sit on that cash, very happy with the profit, but don't end up taking advantage of a 1031 exchange or like-kind exchange (a rule in the tax code which lets you defer the gain on the sale if you are also purchasing a property in the same class - google search for a more comprehensive definition!).

I think the time has come for a more comprehensive strategic look at my tax situation/possible savings.  

In regards to the insurance, it'll be a DP3 coverage.  

Hi John, Unfortunately, getting this as a stand-a-lone coverage may be tough to find.

@John Kim$7.95 per month on $1,000 coverage. 

Good to hear you are incorporating & streamlining, that is the sign of comprehension and points to future progress. 

Now one option is get  a commercial mortgage that bases the loan on the debt coverage ratio of the property not just your personal DTI.

If you're getting a private loan you will probably need to provide one unless the lender likes you and is willing to take a chance.The policy that was issued to you insures your interest in the property and does not provide any coverage for the lender. 

The claim's probably already on the Comprehensive Loss Underwriting Exchange (CLUE) database so it's not easy to unring the bell. 

If you insure them, they are Personal Property and not Building coverage.