I usually drive for dollars to get my leads but I would like to find a more efficient way since I live so far from these area's.

This hides the owner so that if you get sued by one tenant they don't know about your other properties.Lawyers are usually working on contingency so they go after low hanging fruit.

How long does it usually take your company to send the net rent to you on a monthly basis?

They usually charge several $100.

The description says only 5 units occupied. 

There are a number of good meetups in our area, usually listed on BP events page.

If you start a lease 7/1 it usually will affect your July 4th weekend so avoid that start if possible.

Using a 2 year lease will not lengthen a tenants stay and will normally result in them having to brake their lease, usually with no notice, which will increase your turn over costs not reduce them. 

As far as what coverages, I would start with looking up what the State requirements are to license the home.the State will usually have pretty stringent guidelines as to which coverages you have to have and what limits of insurance you need to carry.This makes it pretty easy to compare insurance quotes as the insurance agents and carriers all need to quote  the same minimums.

Usually the first dozen pages tell you all the ways you can lose your money.