Obviously, you need to have s title search done and get title insurance but my immediate response to the agent would be “why”?  

. $1000/mo x 12 = $12KCash flow - rental income less expenses like taxes, insurance and everything before PM.

this is what scares me ( I think this may not be the best route....if it is vacant a few months it could put a strain on me...especially with taxes and insurance).  

You could be doing an FHA or homestyle loan put 5% or less down and that will make any minimal profit look great if you don't account for vacancy, mantainace, taxes, insurance, management, etc.... 

I need an insurance company to provide hazard insurance on a vacant property for a few months. 

God forbid a car crashed into your property or it catches on fire, but do you have the ability to fly out there for a week and meet contractors, insurance agents, etc. if that happens?

(I’m also looking for RE agent and contractors to work on this project….PM me)I was shopping for Home Owners insurance and have already for received few quotes from my current agent (It seems high).

As a retiree , I will take full family Health insurance coverage for a very low price (1.5% of my pension amount ).

.$1000 rent is $12000 annual with $4k - $6K in Taxes and insurance

@Thomas S. makes a good point about insurance.