There will be requirements set forth by your lender that the insurance coverage must fulfil.Take into account other coverage alternatives like liability insurance, umbrella insurance, or coverage for certain risks like floods or earthquakes, depending on the property and your situation.Examine the insurance firms you are considering's ratings for both financial soundness and consumer happiness.

All,I have recently been looking at syndications and fund structures, and was wondering if anyone could lead me in the right direction of setting these up?

Through Baselane and their partners I'm able to run the guest background checks, draw up a state-specific lease, set up rent collection and manage all of the property financials.

@Mike Morehead STR's are still profitable in Cape Coral, but there's a very specific criteria set that you will be needing to target to ensure you're able to compete in an already competitive market.

It's crucial to evaluate the cost-benefit ratio of this approach, as setting up and maintaining multiple LLCs can become expensive and complex.2.

He is set to sign tomorrow.

You can set them up with sensors and some might be good with it but you might want to have you accessing the app. 

You must have a custodian for an IRA, and while you can self-direct it, you do have a middleman between you and your IRA. 401k does not require a custodian and can be set up as a trust with you being the trustee.

After the rehab is complete You can get the loan from your lender to purchase the house from them into your name only, long as the house appraises for the loan amount you're all set

It looks like you're on target with the bullet points you provided here.I do this type of deal all the time, feel free to connect with me to discuss more (preferably tag me back in a reply here so I can provide value to everyone with public replies).You can catch up the arrears, make monthly payments, and either LTR, STR, or wrap-sale it to yet another end buyer for a markup!