If you don't have a clear contact and the person doesn't have adequate insurance, that could end up becoming the landlord's problem. 

Ask an insurance agent if they will provide insurance on a sinkhole property and how much it will cost.

It's great if you can do it yourself but we have 3 young boys and time is always at a premium.Hire a great PM, have a consultation with a RE/eviction attorney so you know who you can engage it dire times and also get rent default insurance that can reimburse your lost rent and legal expenses should there be a default. 

The list I came up with is : Insurance, Title, Signed note and Mortgage.Are there any other documents crucial to save besides the origination documents which the MLO would have to save up to 3 years I believe.

. yes, If you purchased title insurance, it should cover the back taxes.

Hi Everyone,I'm in the process of purchasing my first property and I'm looking for insurance company recommendations.I'm located in South Florida.

The insurance will be $740/yr and taxes $550 on each.

If you found a fairy godmother that you only had to pay 5% simple interest, your carrying cost would be $30000 + insurance and taxes for 6 months.

There's also most likely room to save on insurance. 

There is a small company, Wayne Insurance Group, out of  Wooster, OH that only writes in Ohio.