The monthly cost breakdown is as follows:Mortgage - $1,200Taxes - $700Flood insurance - $170Home Insurance - $150Reserves - $500I went into this saying I wanted to pay no more than I currently am paying in rent ($900) to live in this place.  

Hello Ivan - I'm a Cleveland Investor as well as an Insurance Agent.

When they run a report on you, you need to know what on it before they do.To understand how these behemoth credit agencies came to life, I'll share background on them.The credit bureaus themselves have interesting histories.

Life's not fair..  

You don't have to "work for a broker" but you do need a broker to hang your license with, train you (taking and passing the test does little to train you in the actual application of being a successful agent), and provide errors and omissions insurance.

My motivation to pursue real estate is to build a life for my family and leave a legacy for my kids and a business for them to inherit when they get older.

Are there insurance companies that offer this solely?

As a life long "Memphian", I suggest The Bar-b-que Shop on Madison Ave.

For the life of me I can't seem to figure out which way makes the most sense (for my situation) to make my leap into RE.

Our insurance agent was working on getting us some sort of blanket policy that covered up to the purchase price only, but he's having difficulty because we often have mobile homes.