Are there any insurance companies local that will offer “loss of rent” along with the coverage in case I could not have tenants paying me to an unforeseen event like a fire or water damage?

Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

You should definitely come out to our networking event this Saturday......actually the topic is Investor Focused Agents.Here is a link to the event. 

Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

We hold the event each month.  

Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

You can structure the partnership so they receive distributions at certain capital events, i.e, lease-up, disposition, refinance.

If you don't have enough capital to put down I would make sure you still have enough in the event that the HVAC goes out, or you have to evict tenants and don't have rent for a few months, etc. 6-12% is a lot of money your paying in interest, even if the numbers do work out.

Through an interesting set of events, I found a STR property manager local to the area (who also owns an STR in the same area).

Or you can directly meet them by registering to real estate events around you: https://www.biggerpockets.com/forums/521-events-and-happenings 6.