Simple landlord liability insurance will do, and you might considerAn Umbrella policyErrors and Omissions insuranceif you wish to be conservative.An entity (LLC, LLP, S-corp or C-corp) can still be broken by careless procedures (like personal funds taken from entity accounts).Heck,  getting a non-recourse loan is a good first step to protect your personal assests (that's a purchase money note and NEVER refi; you lose the non-recourse).

Thank you @Louis Simmons Jr.Thank you@Javier MarchenaI will talk to permit office and ask, and consider an inspection and speak to the lawyer to write a notice.

Given that, it's completely unreasonable to expect that they're going to accept (or, honestly, even consider) an offer significantly below list price. 

We will definitely consider an umbrella policy and explore doing an LLC!

BTW the uniform borrower assistants form is used on government backed loans, so that tells me they are not going to consider an accepted short sale offer between you and the Seller without putting it on the open market(MLS with a licensed Agent).  

, what do you consider an acceptable ROI in your rental property business?

Overall the expenses are $4,400/unit based on the TTM figures, which is a bit on the high side for what I'd consider an efficiently operated property.

I appreciate your referral to Ticor but I am not sure if they would consider an investor for that purpose as I mostly buy and hold out of state and I am not constantly creating churn to make them a profit.

If it is for business maybe consider an LLC for that business that puts a degree of separation between you and that loan. 

It is a good idea to consider an option which allows you to collect rent much quicker than those others but still provides other rental management tools you might find valuable (again, not to knock Cozy or these other tools like Tellus), but you can easily keep track of who paid what and on which date with a tool that is reliable and processes payments faster.