Maybe try Auto-Owners insurance for MI, but no matter what replacement will be much higher than appraised. 

@Manuel FontanOnly a few Hard money lender will do up to 90-100% lending but that will attract a higher point and interest rates.

@John Leavelle my concern is that now that it has been refinanced at a higher value, then the mortgage and taxes would be higher.

It's an older 4/2 home rented out to 4 college students which from my research draws higher rent than a single family living their.

Also, remember that these suspended losses can use against any other passive income, does not have to be related to this house.I know that you wanted to know if the suspended loss would eat you gain when you sold it, but it always better to plan in such a way to take the rental loss today and offset your ordinary income that is taxed at higher rate today than wanting to suspend the loss and later eat your capital gain from sale of the house.  

FHA has higher fees, an upfront Mortgage Insurance Premium of 1.75% of the balance (rolled into the loan) and .85% MI.  

Hi,I'm a newbie real estate investor and I'm looking for some guidance on how to structure my partnership on a rental property with my brother.A little background on the situation:Myself and my brother will be partnering on the down payment for a SFRThe mortgage on the property will be solely in my nameI will be putting in a greater amount of the down payment, so I want to structure the terms of the deal, so that I own a higher percentage of the deal.

I would say a bulk of those properties are priced higher than some investors are willing to pay.

Im trying to buy a home that will allow me to make enough cash flow so I can then buy higher quality homes in the future and build up my portfolio of properties.

After your rehab and you drive ARV higher you can refinance with your conventional guy and likely pull some money back out.This was my model for awhile and I got pretty good at it.