Account ClosedAdding your property manager as "additional insured" is standard practice and beneficial for you.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

Additionally any pros/cons for using FHA loan would also be much appreciated, thanks!

Additionally zoning restrictions are going to all but eliminate most every plot of land in the Cleveland area. 

Additionally, the permitting and approval process for sprinklers can add up to three months to a project’s timeline.

Quote from @Charlotte Wilson: Maybe I am overthinking this but when I look at properties to purchase that I plan to rent out, how do I make sure I am including all the potential additional “cost” besides the mortgage and property taxes?

Tell them you need to be listed as additional insured and then you get copied if they have it from insurance company

You should always require them to add you to their policy as "additional insured" or "additional interest" and you will be notified if they cancel or change their policy.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

I was drawn to real estate as a way of investing money I have saved up (around $130K with additional funds to leverage out of a 401K if needed), and potentially creating reliable cash flow over the next 10 years.