Keep the insurance current on it at all times.

I am a health care worker, I have little to no knowledge in real estate, I am here to learn.

Point of sale is good for flippers because your buyer base doesn't typically have the resources to assume any point of sale violations and make the escrow payment etc....So you taking care of all that is a big opportunity.

-Mel be very careful in Jackson I have extensive experience in that market both as a lender and a section 8 landlord.. 

Make sure to carefully evaluate any properties you're considering and to familiarize yourself with the local market conditions.

Maybe the buyer or the title insurance company.

@Boston Caruthers I don’t care what the IRS is requiring from my electronic payments because I claim all my rent.

When you sell a property, you create "income from passive activity" (which, if you care about details, includes capital gains and depreciation recapture.)

Your mortgage, property insurance and title insurance will remain in your name. 

However - we have a resale furniture store here that takes excellent care of us!