Does anyone have any advice for the best insurance companies to use for my policy?

Our strategy is long term buy and hold investors looking for solid cash flow.

Now I'm studying CRE finance, investment, and tax strategies aside from my full-time job to better equip myself with the essential financial literacy. 

Hi, im Ignacio, 29 YO, born in Argentina and moved with my parents to Mallorca 5 years ago. We own a bar and are planning to start investing in real estate.
My goal and dream is to retire my parents before they turn...

Don't put yourself in a position where you only have one exit strategy.

Different buyers have different criteria, you'd lose a lot of deals that could have been sold using that strategy. 

Also, should I acquire homeowners' insurance immediately for this property? 

@Lucy YenA calculated strategy to creating wealth and cash flow is required in real estate investing.

For those following a STR rental arbitrage airbnb strategy (or homeaway or vrbo), in which you're airbnb-ing places that you've rented from someone else (with the owner's / landlord's permission, of course): do you report the income on Schedule C or Schedule E when filing your taxes?

I'm in construction and I'm looking to invest what money I have into distressed properties in the southern towns and cities of Connecticut, and also maybe Hartford and waterbury as well, utilizing the BRRRR strategy.