I have many of the bases covered for my team but the missing piece is a partner or lender. 

Am I covered?

I'm going to assume a majority of them came from the "gurus" boot camps and bus tours , since wholesaling is being promoted as "easy money". 

Even then, I have enough of a reserve that I don't need the rent to cover the mortgage.

Either your friend is hiking your rate to cover his compensation, or he put you on a lender paid mortgage insurance program to limit your monthly payment, but at the expense of up front closing costs.

Charge the tenant a "water transfer fee" up front that covers the fee.

Yes, we are covering the buyers agent’s commission and stated it in mls description. 

Rental property will likely require 20% down, you also need cash to cover closing costs.

I am looking for property insurance options to cover these properties / my investment for this redemption period. 

Now that everything is settled i have umbrella question.I have 2 rentals I bought for about $60k Each 1 in Mi and 1 in Pa.  1 insurance company covers both house.