Using the numbers in your OP…$800 per month cashflow x 12 months = $9600 cashflow per year$9600 annual cashflow / $270,000 equity = 3.55% return on equityThat is a pretty low number and my sense is that if you are a smart real estate investor, you can probably do better by selling and reinvesting that money into another property.

You can secret shop other properties to get a lot of that information, too.

I don't love the idea of paying PMI or extra fees, and the first lender I've gotten pre-approved with doesn't even do FHA loans, although I would probably shop around before committing to a mortgage anyways.

Like someone else had previously said I would call your broker and thy should be able to shop the coverage. 

Smart or foolish?

(Yes) We could shop at a place 50 times and have one bad experience and then go give them a terrible tongue lashing online.

I saw a BP article that mentioned the site neighborhoodscout.com.  It looks very interesting.  I've been narrowing down new cities that I'd like to invest in with a group of people and we've been going the normal rout...

I'm not aware of any one-stop shop websites that will help you with every aspect of the 1031 from start to finish.

@Joseph Lyons you will definitely need to start shopping around on the insurance front now that you own commercial.

This property is located in a smaller county (35k population), which happens to be the seat of the county where all the surrounding city residents typically come into for all their commerce needs (shopping, factory jobs, hospitals, etc).