Umbrella insurance 

I do have a high risk tolerance due in part to being relatively young (30), having stable income (military) and setting my personal finance/retirement on autopilot with a course set for a comfortable retirement at 65.

It's possible that they mean that they don't want to carry owner financing, but you should clarify that.Be sure that you buy owner's title insurance too. 

I cant afford to get insurance with this loan. 

They are generally stable people with families and won't run when the going gets tough.

The buyer sends escrow payments for taxes, sewer and insurance.  

@Bud Dwyer  You would have notify your insurance company to get it properly insured, who in turn would most likely notify the bank.

In no particular order:You might not have a first lien after all - At the closing, is your borrower obtaining a lender's title insurance policy from a reputable agent?

I don't know the costs in your state, they may vary, but I pay something like $1200/year to be an agent (license, NAR membership, MLS dues, E&O insurance, etc).I don't make a lot as an agent, but it helps me A LOT to facilitate my investing.

Account Closed Multiple buildings on a single parcel is very common, but does not fit into the State Farm box very well.Other insurance carriers write a single policy with 9 buildings listed.