I don’t think any broker would accept you without (it comes with signing up with your broker in my area so you don’t search for your own policy).

If it's not possible...would it be possible to have my parents co-sign to buy a duplex/triplex and we can live in that + rent out other units?

Talking to your friends is fine, but a CPA is the one who signs their name next to yours on the tax form, so get them on board with what you are doing. 

A couple days after this agreement (2 days before closing), the buyer decided they no longer wanted to continue with the deal even at the newly agreed upon price and did not sign for the new price.Originally they were signing the release for earnest money, but are now deciding to fight to keep this as well. 

No billboard company is going to sign a lease with a 30-day cancellation clause and incur that kind of expense.

It sounds like I'll want to get the lease and all legal docs signed off by a professional, and we'll need some accounting help to make sure we're making the best moves financially. 

I am thinking of targeting certain neighborhoods, ones that have a low enough FMV so that rent can more than cover the existing loan payment, and placing bandit signs, as well as sending direct mail postcards, and/or placing flyers on doors.

Right now you're simply operating on guesswork.she requested to have her security deposit pay off during the first 6 months NEVER allow a tenant to move in without getting the FULL rent (or signed Section 8 contract) and security deposit IN CASH.

Hey Reuben ADid You sign up with them ?

At 90% complete he should have had NO MORE than 75-80% of your money, and only that much after the inspections were signed off.