I'm not expert, but I'm planning to do my first 1031 in six months, so I've been planning and doing my research like crazy. 

Your investing plan sounds "boring" but in 15 years of this strategy you will have millions in assets that cash flow you to not need a job, and equity built up for continued growth or expansion. 

Plan for it, budget it, or don't get into REI in 2024.

They may have higher insurance, maintenance, and/or property costs than you would - or maybe not, but I would double check their expenses if part of your hesitation is around the expense ratio.

Sometimes control can be more advantageous than ownership.With the terms locked in place my plan was to sublet the lease option.  

If it sits vacant and you are paying a mortgage, insurance, and taxes on a deal, I agree it wouldn't make sense.

The tenant should have renter's insurance for this exact reason.

I’d rather sell than go without any insurance.

The second call is from my insurance agent upset that I have apparently “signed over the Hartford quote they obtained” to my management company’s insurance agent.  

If you feel like sharing copies of the docs (privately of course) it would be great to see how the property was titled on the deed and how the title insurance reflected the lien priority for what sounds like might be separate notes/DTs for each investor (rather than all listed on same note/DT with a % interest)?