Are you looking to do additional projects like this in other cities/states?

The seller is offering seller financing at 2% interest with a 9-year balloon.

A couple of things I like to tell my newbies-Owning a short-term rental property can offer significant financial benefits.

That has nothing to do with us but we still offered to help you.

I've only ever sent out an offer like that once, and that was to a preforeclosure lead that refused to discuss the property, instead telling me "that's not how real estate works, just make me an offer".  

Steadily has their own product (with multiple writing companies) and then they offer policies through other carriers just as an independent agency would. 

Most likely you will need to factor this into your purchase price when making offers.

Quote from @James Wise: Quote from @Bruce Woodruff:  I still find the Forums almost as fun as ever, but I'm just here to have fun and offer advice where I can actually provide any useful help....Lol....Yes, the search feature is not great, but I find that true for most forums....?

I know we wouldn't include a clause like that if we did offer brokerage services because our Property management agreement has a 30-day notice to terminate at any time for any reason no penalty. 

Before diving in to offer advice, I'd like to clarify a few things with you, if I may....You mention that you are going to live in the property while you renovate.