Well, I feel like kind of a failure now...Good for her.  

I am worried that if I am not able to secure insurance with another company while I fix this problem that my loan may be called due by my lender.Does anyone have any knowledge or experience with this kind of thing?

This property barely meets the 1% rule, but this is common in this area.  

From the inside though it may seem to you that the amount of wealth that you have built will not support the kind of lifestyle that you want.You have 4 rental properties, and I am guessing that you don't think they don't provide you with nearly enough cash flow.

So I shouldn't worry about getting copy of business license or any kind of documentation from them that verifies their entity and that type thing? 

Most of that land is open fields, with no trees, and kind of horribly unpleasant grass and shrubs that are not very enjoyable to walk around in or hang out in.

Would it be wise for a "newbie" to start off in this kind of situation?

If the pipe is a common pipe that feeds several units, then the HOA will be responsible.

The pic is an example of common terms for hard money lenders in my area.

There are some lower priced (I understand "cheap" doesn't always mean "value") condos in my area, and after running some numbers, I feel I can rehab and rent them out to cash flow in the low hundreds (after expenses, commons, etc).Anyone have experience in this before?