Now this number will change if the person pays off early, etc. 

So how about an estate where person passed?

Your best asset would a friendly real estate agent. find the right person who's willing to help you and educate you along the way. 

I have never personally had issues with insurance even in the valley for my clients now that I think of it. 

House hacking will also give you some personal "property management" experience.

I have several clients that 'self-manage' or have a full time private manager that has enabled them to offer their manager/cleaner (occasionally the same person or couple) double the hourly cleaning rate (compared to national PM companies) while reducing the booking/cleaning fees for tenants. 

So, I may have to find out who this person is or simply go to closing and be prepared to deal with this occupant.On the other hand the bank is having trouble providing the legal corporation paper work required by my title company. here is the latest email from Title to Bank: “Please have the seller (the  bank) contact their attorney to provide the needed paperwork.

I have not heard of a Personal or Business policy that covers loss of rent due to a tenant chosing not to pay. 

I definitely would not touch the 3.75% personal mortgage and hold that forever. 

HOWEVER, I personally always prefer to own the entire property.