A lot of the things a mortgage company requires is to protect their financial interests (and subsequently protect you also)....getting title insurance, a survey, an assessment/inspection, and requiring home owner's insurance. 

Somewhat agree, I do think there are a ton of bad PM companies out there.As a prior renter, I’ve seen my fair share of them too.  

There's so much fluctuation in flood insurance policy right now that rates could drastically rise; I think right now they are allowed to raise it 15% per year even in owner-occupied. 

The company should have made an inspection prior to issuing the policy . 

@Cory DamonIt will depend on the language in the Participant Loan Policy of your 401k plan.  

. - way too may issues renting, updates, policies, rules, repairs etc.

If you aren't doing this with an LLC or other company, then the money is "still all yours" - you can freely do as you please with those funds (once the rents accrue enough for you to have a comfort level).I would suggest you contact a good accountant (CPA) knowledgeable in real estate matters to assist you with starting up your accounting system for this rental.

This includes examining the structural integrity, plumbing, electrical systems, roof condition, HVAC systems, and any other significant features.Title Search: Hire a title company or attorney to perform a title search on the property.

Do any of you have recommendations for solid:-contractors-insurance agents-attorneys-property management company-mortgage brokers?

Knowing things like median income for an area,  median rent , population growth, unemployment and investment of companies are some information that id like to research.