Primarily because there is no such thing.

He told me I qualified for a discount based on expected income and that while the policy was about $350/month with my discount I only pay about $99/month.

These agents differ from those who primarily work with homeowners looking to buy or sell their primary residences.

That's a private agreement between you and your LLC and that loan is not recorded in any banking data base that it would be put on any credit report.You are fine just depositing the money and then moving forward.

All I can suggest here is that you make sure you have a fool-proof method of communication for your tenants to prevent this from happening again.

Let's look at MSA median incomes, because reality is when "investing" in a MSA Real Estate, well, revenue and profitability will be DIRECTLY dictated by your customer bases ability to pay, right. 

Maybe I'm not communicating clearly, I am employed I was only temporarily laid off.

Pretty much all that have been mentioned here between the two vehicles.a lot of the other items come into play based on your own specific financial situation.so for what you have provided that is all 

Is communication critical?

@Joey Gedgaud we take over a lot of properties where owner complains previous PMC:1) Poor communication, taking many days, sometimes weeks, to get a response.2) Maintenance work being done without notice or approval request.3) Surprises for extra fees, services not covered , etc. because the management contract was "simple & short" instead of thorough.