I set up a REI company and set aside some cash, but would not be able to do an all cash deal to start.My concerns are two part:1.

Franky,My advise is to seek out multiple Independent Agents (they represent many Insurance companies - not just one). 

With the new Business Owner/Investor continues to pay the Mortgage with a service company so payments Principal and Interest go to the Bank as scheduled per the original MortageHow can the new buyer do a wrap (#subject to) with the #first #lien for the underlying mortgage where as the Seller equity is in the second position?

Hi Megan,You can structure an LLC with an operating agreement and outline the share of ownership of the company.

It's important to comply with all legal requirements and stay updated on any changes.Remember, it's always a good idea to consult with a professional, such as a real estate attorney or property management company, to ensure you're taking all necessary steps and complying with local regulations.

Our current portfolio:-Florida SFH: Mortgage (includes HOA and PM company) = $2100.

@Eran Withana I use Toms company Provision for my taxes and they are worth every penny.

I had some problems with the management company not advertising promotions at all and likely over-screening potential tenants.

@JT ThomsonEncourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

I’m hoping to do something similar and would rely completely on a fantastic property management company.