Why not walk through the unit (with proper notice to enter unit) either semi-annually or quarterly to ensure that it is not being destroyed. 

Basically, if you run a search on CL, mine will be in the bottom quarter.

Distributions to the Members shall be made at least quarterly, if available Numerical examples that might make more sense: assume for simplicity $100k cash flow

if so you are protected assuming the seller agrees to make needed repairs when they are brought to their attention, and done so withing the timeframes laid out. the FHA Appraiser will provide the needed repairs, NOT a home inspector, but you can circumvent some issues, by covering the basics,  like no holes in any wall, ceiling, or flooring larger than a quarter, no broken windows, no peeling paint, a minimum of 5 years life left on the roof, all utilities on ect. if the issues do exist, a FHA 203K loan may be the proper way to go.

I’m a farm bureau member but the guy closest to the house (about a quarter mike away) didn’t want to write a policy mainly because I got to Good of a deal on it and so it looks underpriced ???

For this reason, and due to the tenant having a very small deposit, you will need to do quarterly inspections.

If they drive a $60k vehicle, they shell out hundred dollar bills like it's toilet paper.If they drive something worth less than $1000, with mismatched tires, different colored quarter panels, or a missing window; they will be problem tenants.Look at the inside of their vehicle. 

I am working on finding a new CPA but now I think I am remiss in getting my sons tax payments in since it looks like they are supposed to be monthly not quarterly.

(for anyone in a similar situation, these rates change quarterly)Further, we most definitely will have an attorney draft up the contract to ensure we're covered.

I️ look at my 401k on a weekly or biweekly basis but make it a point to reallocate money, if necessary, to the different funds about once per quarter.