GSP REI is a diversified real estate investment company based in the Philadelphia area.

I have tried to get quotes for these properties and I haven't found a company that is willing to insure me because I have open claims.

Kyler, call your a couple of insurance companies and get a formal quote so you can take this back to the seller.  

I am a district manager with a company called Build 2 rent, and i live in Cape Coral.  

If I put all of my eggs in one basket (Florida in this case), paid off property and a hurricane blows everything away, FEMA is nowhere to be found and the insurance companies take years to pay what little claims they actually do pay, I suffer through it in a blown out house.

There are recommending screening companies on there that you can look into to see what best fits your screening needs.  

Plus the mortgage company probably calls the loan, and if you can't pay it off then you can lose the property.

For property management, choose a company with a good track record in STRs and transparent fees.Happy to connect with anyone looking to share insights!

One risk I could think of is - Even witb a 20 year guaranteed lease, thr company could bankrupt & may put me in a situation to look for a tenant.

In my case, I have residential rentals in one LLC, commercial properties in another, self-storage in a third, and my real estate company operates in a fourth.