I was working with an insurance agent from State Farm and they told me their underwriting process will take 3-5 weeks when we are already 2 weeks into the 30 day contract, so now I am without an insurance provider.

I have an option to rent to a close friend of mine but from a screening standpoint I don't know if his financials are there.

what state makes a big difference   the reason I ask is in many states not only do you lose your deposit if you dont close out the sale.

Hey Alex, I thought I might offer my 2 cents from another agent's perspective.

Are you a buyers agent and an investor?

It's Nevada only right now but it might be close to what you are looking for. 

Table funding would essentially be purchasing the note from the note originator at the closing table.

You could also network with agents that are listing properties for rent to see if they will recommend you to the owners for management.

Here are three articles that made it into the papers:"Addiction treatment group buys building in Main South, fueling neighborhood angst""Spectrum Health Systems adds property in Worcester as it moves headquarters to Westborough""Main South neighborhood remains on edge about planned drug treatment facility"I find it ironic that no one asked me (the listing agent) how the owner of the property chose Spectrum Health as the buyer.

I'd recommend either going for a legal 3-4 flat or a 2-flat that is duplexed down or up.It's a good idea for your agent find out if any of the units are "non-conforming" or "illegal" before you take the time to show the property and make an offer.