I have a property I'm considering seller financing with a wrap mortgage to a buyer, I'm currently refinancing the home and have the option to not escrow the taxes and insurance, which lowers the payment about 700/ month on the 1st position mortgage, BUT would escrow the T&I on the wrap mortgage. has anyone structured it that way what would be the pros and cons to structuring it this way? 

I have 2 rentals in SW FL- both have open insurance claims and a public adjuster is involved.My insurance policies renew April/May.

Would appreciate the insure.  

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

We use Hiscox for our insurance with our business, not sure if it works for property but its worth a try. 

@Elaine Ericson ugh - yes insurance would have covered this but without it, not much you can do.

We have a cleaning crew willing to discuss ideas about cleaning the hot tub after each stay, but she cannot do anything with chemicals due to insurance coverage and she is likely not able to stay long enough for the hot tub to be drained as it takes awhile.

Having your son involved in the loan, title, and insurance policy does have both benefits and drawbacks.

If I protect my numbers, interest rates would have to be 3.5% or so in order for a 1% house to work (assuming 20% down), which means for $3000 rental revenue to work, the debt load would have to be about $235K at that interest rate (give or take with variable taxes and insurance numbers). 

Our mortgage at the moment is around $2100 including taxes and insurance, this would obviously go up if we do refinance.