Is there any rule or timeline in which this has to be done?  

Can anyone help with this? 

This is going to be very hard to finance.

I would greatly appreciate your input on this matter.Here is my setupPurchased property under a TrustLLC in FL owns the TrustHolding company LLC in WY owns LLC in FLI purchased the property sub-to, took over the seller's mortgage and I’m working on setting up insurance for the property.I understand I need to keep the seller as additionally insured in my insurance, but the seller no longer has "interest" (ownership) either in the Trust, nor any of the LLCs nor in the Deed nor Settlement Statement.

If they are professional, they can explain this quickly and easily.

I'm surprised they were able to do a 1031 under this structure.

There was enough cash flow that I creatively used a 3rd mortgage to help fund the 20% down on the first two loans.

Your fear is not real.Just trying to help.

I do agree it really shouldn't be this hard to get the information you need.

I personally like working with a broker because I know they are helping to vet the insurer and making sure that I am not missing key pieces of coverage.That said, from my understanding of the insurance markets basically different insurers like to spread their risk out across geography and asset class.