I've done these deals and we have been able to renegotiate price and terms late in the deal, all while my client's EMD is fully protected either based on an inspection period or based on lack of disclosure. 

Being recently from SD, I can guess that both those houses are well north of $1 mil, prob closer to $2 mil?

Do they perform well?

Add Louisiana to the list as well My SFHs didn't go up too bad - around 10-20%.

I don't think there's a single app that will both run the numbers for you in terms of deal analysis as well as handle your bookkeeping for you.

Well same question here, what value do you provide? 

Definitely hire a real estate attorney to draft or review any seller financing agreement to protect your interests.Ask the real estate attorney how to handle the POA situation...can you talk with any of the other property owners who are short term renting out their properties to see what/if they have any issues? 

I would definitely make sure you have the best agent for you that has a good understanding of the rental market in your area as well as how to get people in the door. 

I understand I need to transfer my insurance to the LLC as well.

The company has already agreed to cover the lost rent as well as fix the damage but they are “conducting their investigation” so no actions have been taken to correct the issue yet.