I actually had my insurance agent get me a quote before I even called my real estate agent to setup looking at it.All this said, do your market research and you will find a great cashflowing properties if managed properly.

I’m a newbie to real estate.

Look at real estate professional status closely, this area of the tax code(section 469) is where I think If you worked with the right real estate-focused accountant you could save 100s of thousands of dollars. 

I just finished listening to Norada Real Estate Investments' @Marco Santarelli discuss out-of-state investing at the Think Realty conference in Baltimore.  

I'm originally from Florida and moved to Columbus for the real estate.

That would be his issue with his lender.You would have the option of forcing him to complete the deal, he then has to work out the problems between himself and his lender, that is none of your problem or business.Have your attorney or the real estate agent's broker send a strongly worded letter as a warning about the consequences ( a lawsuit he is unlikely to win).

I am new to the real estate investment field as far as acquisitions go.

Artificial Intelligence (AI) has been changing the world as we know it and the real estate industry is no exception.

In my state after the court and estate nominate a personal representative to administer the estate the court issues them letters of authority.

Hey Armando, congrats on taking the leap into real estate!