Our insurance agent was working on getting us some sort of blanket policy that covered up to the purchase price only, but he's having difficulty because we often have mobile homes.

Medicaid issued AL allows for housing, insurance, guardian and attorney fees if any, and a PNA, and community spousal allocation if applicable.  

Taxes, insurance, vacancy, eviction costs, repairs, maintenance, property management, accounting, etc. 

I've looked into them in the past as they would work well for me with low money down, i heard before that you had to pay monthly loan insurance(think it was around $100) and got nervous about it cutting into my cash flow to much.

Tom Lipps The tittle company will make sure the taxes are cleaned up as they provide the tittle insurance.

Nobody even checked the title of the homes to see who the owner was, but if they ever did, I would tell them that I was part of the investment using my credit to help out and do the management, but ultimately my boss gave the money and had the control.  

My math with your numbers would be more like this:Acquisition:Asking: 290kRepairs: 15k Total Acquisition: 305k Revenue: 28,800Taxes: 4583 
Insurance: 1800 Cap ex: 2400PM @ 10%: 2880 Total: 11,663NOI: 17,137 Cap Rate: 5.6% Cap Rate w/o PM: 6.56% Not a crazy return but pretty normal to see in Miami if you're purchasing in middle to upper class neighborhoods.

When I do a Quitclaim - the state would show the LLC while the title would be on my name - does that cause an issue ?

I would like to start flipping so I'm saving to get licensed and insured this way I can bid on bigger jobs.

I HAVE A HARD CHOICE TO MAKE,MOTHER IN LAW 'S HOME IS A REVERSE MORTGAGE HOME,BUT IN FORECLOSURE PROCESS FOR INSURANCE LAPSE AND UNPAID TAXES.