Now this number will change if the person pays off early, etc. 

The only work involved is if the so-called realtor lied or posted the wrong info.

I have never personally had issues with insurance even in the valley for my clients now that I think of it. 

House hacking will also give you some personal "property management" experience.

I have several clients that 'self-manage' or have a full time private manager that has enabled them to offer their manager/cleaner (occasionally the same person or couple) double the hourly cleaning rate (compared to national PM companies) while reducing the booking/cleaning fees for tenants. 

So, I may have to find out who this person is or simply go to closing and be prepared to deal with this occupant.On the other hand the bank is having trouble providing the legal corporation paper work required by my title company. here is the latest email from Title to Bank: “Please have the seller (the  bank) contact their attorney to provide the needed paperwork.

I now have the EMD lender blowing up my phone saying he needs to get paid and if I dont pay him by a certain period or pay more money due to the length its been he is going to "blast" me on his social media and stating he is the "last person I want to mess with", is this allowed? 

I have not heard of a Personal or Business policy that covers loss of rent due to a tenant chosing not to pay. 

My understanding is that you need to be involved in real estate more than 50% of your time and at least 750 hrs per year.

HOWEVER, I personally always prefer to own the entire property.