A better option would be waterproof LVP with a cork backing.

I just asked a title rep in the area and she says they wont handle a close even as a transaction coordinator unless they write a policy for it which they cant do on a manufactured home on a rented lot.

It would also be wise to educate yourself on what a good PM does and doesn't do, how they do it, what they charge and why, etc.My book, The DIY Landlord, will be out in December and can teach you how to select or supervise a property manager.

Quote from @Renee Ward: In a quote for an umbrella policy, when I see it in writing it is labeled a personal umbrella policy with our primary home cars etc. 

Depending on where you are, you might have a different target renter than I do.I have a couple properties we are looking to develop on, I'll send you a PM

"Is it a common practice to report it as a loss even though I fixed it out of my own pocket?" 

Do I write the LLC a W-9 and write a check from the LLC into a personal account for tracking purposes? 

@Luis MazaIf you struggle with a wholesaler, reach out for more, there's usually a dozen or so good wholesalers in every market in the land....In addition to that, as a business strategy I would say that a great thing any flipper can do is develop their own off-market seller marketing techniques.

Will it make a profit?

I have listened in on their free consultations just to get an idea of what they offer and what I discovered is that they teach the same things found in books you can find on Amazon written by Brandon Turner or J Scott.