Not sure where to start...property management, insurance, and anything else.

Wooded and spacious, just a little far out, but only 10 minutes from the interstate.Sales price is 600k9 units rent average $900Expenses are just lawn water taxes insurance 15000Gross income 97200NOI 82200The cap rate of 14 works but is valued at 66k per unit.

I am already aware of the city's health department requirements of property registration.

The other 2, their house burned down and their insurance company is paying for them to stay in a STR for 3 months. 

The cash flow equation is another story, make sure if you cash out at 75% LTV it will cash flow after the mortgage, taxes, insurance, and vacancy/repairs.

You also did not include insurance.  

You need to pay for insurance part though.Sam Shueh

They include (but not limited to) any loan payments, taxes, insurance, utilities, HOA fees, etc,. that occurs during the Rehab period and up until the property is fully rented.Hope this helps.

But there's title insurance, commissions if the property is listed, hazard insurance, and plenty of other things to keep in mind so education is definitely the best first step.

What type of home owners insurance policy I should take on the house?