Reach out to your insurance company as detailed by @Jay @Jay Hinrichs to get this issue resolved asap. 

The Devil is in the syndication's details and the purchase price and details of the deal. 

However, nothing can be done until they mail you a Demand Letter specifying what is owed, and giving you a certain amount of time to pay the balance owed as detailed in the letter.

For a small one I would do a detailed assessment of the immediate repairs and of things that may break in the near future.

But I saw opportunity in it as an investment property and she was interested in using the home a a long-term rental, not Airbnb.Fast forward to a week ago, the owner reached out to me after very spotty communication through emails and we finally met to talk about details of the rental idea.

Feel free to PM me details of your requirements if you would like to discuss specifics. 

Thank you @Jeff S. for the detailed answer.

You will have to message or come to the other meeting to get details. 

Reviewing closing cost details, I'm not following why I am paying 11 months of property taxes upfront AND as a monthly escrow payment (along with homeowner's insurance). 

Is there an issue from keeping business separated from personal, if I maintained a really detailed excel file that lists all cashflows that's related to my business until my LLC is setup and I have a business checking/savings account setup?