For many years I was contacted by the housing office to provide input of my rents, both Section 8 and market rented units and participated in their annual surveys. 

All that to say, I'm not sure when they will want to cash in and sell the lot due to the appreciation the subdivision has provided.

An LLC when properly formed and administered provides separation and protection of assets that are outside of the LLC from the actions of the LLC.  

That will highlight was the sponsor is supposed to do and information they are to provide.

I provided washer and dryer, and upon move out, realized the washing machine was completely different. 

Most of my experience lies in the longterm rental property world, but we just picked up a short-term rental in Vermont and are going through the process of getting it ready to go.The property cost about $415k, and my insurance quote for homeowners + liability was about $4k, which seemed high to me.Obviously insurance quotes vary greatly by policy, but wanted to get a sense as to what others were paying and what provider they used.I am used to long-term rental policies, which seem to be less expensive.Thanks in advance!

Has the market there provided good cashflow?

great advice provided - what I will add to this is if you have smokers and its not allowed I would offer to allow them out of the lease with no penalty. 

Spreading funds across 2-3 properties could provide diversification and steady cash flow.

Many of these PM's have too much on their plate and are unable to provide you with consistent communication.