You'll have to compete in price against the existing and upcoming supply unless you own a special piece of property that commands a premium or give you a moat over the competition.

If you have passive income only, you cannot deduct health care insurance premium, or dependent care cost.

Having my landlord insurance cover would just run my premiums up and risking cancellation, especially if I file too many such claims.

This was not a premium finish project, so that should not tank our ARV.

The decision to which one is right for you is dependent on how your business is structured.Both policies will have a starting deductible of $5,000 and have an annual premium of $1,000 - $2,500. 

If you are looking at apartments, space is the premium, but light is important as well if you don't have dedicated outdoor space (balcony).

well reality is the 200k has better schools  better tenant base to chose from and since your at the median or above not all the homes are being sold landlords the majority is going to owner occupied.. there by making nicer neighborhoods nicer streets and place were those premium tenants will want to live. 

The goal is to keep the premiums I have to pay due to lending requirements as my money.

Plus I don't think you will get a rental premium on rents.

A 3.50% down payment off that is 8750.00 leaving a base mortgage size of 241,250  then add the regular FHA Mortgage Insurance Premium or MIP that is 1.75% of your loan amount, or 4221 ( an up front fee FHA charges to fund their programs) which is usually added to the loan so you dont pay it in cash, then total loan is 241,250 + 4221 = 245,471.