I get the rent is substandard but it seems if they just hold on for another 7 months they have a vacant property they can sell to all the regular primary home buyers in the market and get a much better selling price.

With REPS, if you hit 750 hours and spend more time on real estate than any other job, those paper losses can offset regular income, which could mean huge savings.

Conduct regular inspections?

With the exception of a few states, transferring your property from your name to an LLC will not hide your identity, given your name will still be identified on the public record as a member of the LLC. 

If they don't have a social security number, then you can't run a credit/criminal background check, and they shouldn't be approved.You can't verify their identity.

Insurance agent in Atoka, OK and insuring properties in the area regularly. 

They only like to go deep in bigger amounts with proven performers and more regular prefs and split ratios.  

I haven't responded and prefer they send a regular mail letter to my PO BOX.

I have used two companies, and while they are both more expensive than regular insurance, they have extra coverage that is specific to STRs.  

Lastly, try to regularly assess and adjust your goals as your financial situation and priorities evolve, which will help keep things balanced and flexible.Keep learning and growing!