They turned out to be rather incompetent, making mistakes, correcting them, un-correcting them, correcting them again and finally cancelling my policy due to the house not meeting their criteria which has never changed.So for the last couple days I have been shopping around.

First, very few insurance agents know how to structure this because they build the policies to pay them a large commissions, rather than max the benefits to you.  

The last time I shopped, insurance companies cover the Indy rentals but that's it meaning the umbrella policy does not cover the Indy properties as well.  

We charge zero junk fees and what makes the deal work for us is the as-is value of the asset relative to the amount of capital an investor is looking for from us.  

First of all, all of this work they requested I do on this house there was zero allowance or credit or any mention of this in the appraisal.

As someone who has never been in real estate or any facet of the business what is s the best place to start. I am currently reading a few books by Than Merrill, what else do I need to do? Remember no question is to du...

In this form, the owner changes the VESTING of the title, NOT the ownership================================This QUIT CLAIM DEED, executed this ____ day of _______________, _________The undersigned grantors declare Tax parcel No ____________________ Documentary transfer tax is $0.00, City Tax is $0.00For valuable consideration of the sum $ZERO Dollars ($0.00) paid to and receipt is acknowledged by{FROM} <current owner>, <current vesting>Hereby remise, release and forever QUIT CLAIM to{TO} <some owner>, <new vesting:Husband and Wife as Community Property>The following described real property {legal description}<whatever>IN WITNESS THEREOF, the said grantors have signed and sealed these presents on this day and year...-- followed by the Notary Seal and Signatures --(example is illustrative ONLY and should not be considered as correct for legal use)

I had the exact same situation and it was good on every level:  1)  Guaranteed payments with $200 above asking since it was a nine month lease (rather than 12)2)  Family only used part of the house because they were there temporarily3)  Fire and other insurance repairs almost always take longer than expected; my 9 month lease then went month to month and the people stayed 14 months at the premium rate.I should mention, though, that not all placement companies have the same policies, so make sure you know what you are getting into.A note on "bad" months to lease:  I have had two of my best tenants move in during February. 

And when unemployment rises again, price appreciation will likely slow to close to zero or go negative, although the timing on job losses is certainly uncertain!

My sacrifice was working 3 jobs, no disposable income and aggressively paying off debt for 6 years to get back to zero!