If you are close enough to your properties where you can manage them yourself (and can tolerate managing it yourself), you will save plenty of money not paying a PM.Usually PM's will charge first months rent for a leasing fee as well as 8%-12% typically for a monthly fee for managing the property. 

. § The Treasury Department has signaled they will not tolerate “loopholes” and they are working to broaden the base of those who must comply with the end goal of including every business that deals with big-ticket transactions or any other transaction where larger amounts of money change hands. § An unstated, but underlying goal, is to track all cash movement in the United States so as to also ferret out and destroy any underground economy that exists in the United States in order to collect taxes on monies currently going unreported.

If you'd like to confirm that your policy has the right loan provisions, I'd be happy to discuss with you offline.I can introduce you to other Bigger Pocketeer's (who are not agents) and can confirm the brilliance of what you are doing.

The insurance policy is expiring and so I was in the process of getting a tenant policy on it when I get a phone call from my attorney saying the buyer will be sending the 3 payments.

Do any of you have personal policies about whether you seek or avoid attorney/broker investor buyers?

And I sell those rich guys lots of policies.

I have not had a claim so take that for what its worth.On those policies remember that half of the premium is earned, so if you cancel early (because you sold it) you can only get half you money back.  

That's a zero loss if the buyer balks.

You can get in with zero out of pocket or close to.  

On the bright side I thought this thread was going to be about a workers comp claim where no policy was in force, you don't want those problems.Good luck.