Does anyone know how insurance companies evaluate these properties and whether or not real value can be realized for insurance for renovation? 

Other KPIs and considerations you should evaluate when talking to any lender who offered private placement of loans/notes are historic default rate, how quickly they can place your funds (do you get preference over their income funds, for example), average interest rate - borrower note rate and what is passed through to you, are loans serviced by a 3rd party servicer or in house.

You have to evaluate the situation for yourself and choose your hard.

Start by formalizing a lease agreement, evaluating potential renovations to maximize rental income, and deciding on a rental strategy (short-term or long-term).

@Amanda Lindsay curious about which softwares you evaluated to select Rent Redi?

Before you think about investment real estate regardless of being a VET or 100% VA disability you still must consider and evaluate your RICE!

Quote from @Tayvion Payton: Hey everyone,I'm evaluating a multi-family deal and could really use your insight.

However, one tenant isn’t paying rent, and it looks like I might have to go through the eviction process.When evaluating a rental property, do you typically use the 1% rule?

You don't typically don't want this, as this is the lowest evaluation.2.

Can you please provide me a copy of the MHP evaluator?