If you had to use insurance for one rental, that would push the premium up on the whole policy, wouldn't it?

He knows the entire situation and ready to sign the lease.

But, if the cost is fairly nominal, maybe under a couple grand, and you have no experience in real estate, including owning your own home and hiring contractors for that, then it is likely worth it.I would always start with a deep assessment of where you feel you don't have adequate knowledge.  

Example - Funds in SDIRA - 500KDistressed property - 300KRehab Costs - 150KFunds left in SDIRA - 50K

My recommendation is to find work that will allow you to save up for EMD.

Your next real estate competition might not be Black Rock or Bezos...it could be coming from the family of the friends you grew up with. 

Also attend local meet ups

They might also want a fully-executed Operating Agreement showing who is allowed to open your bank account and sign checks on behalf of the entity.

If there any online seminars, meet-ups or any words of wisdom that would be great.

Here’s a simplified approach:Calculate Costs: Determine the net gain from selling each property after costs.