Quote from @Derrick E.: To answer one of your questions, I doubt you will ever find someone willing to give a loan in 2nd position on an investment property. 

However, if you filed your rental income under schedule E, then lenders will have to use your the rental calc based on how you filed your schedule E.

I had a few tenants e-sign 6 documents with multiple pages in a couple minutes and realized they did not read any of it! 

Originally posted by @Bill E.

I would be curious if you e-mailed your city, county and state officials with your story how they justify you having to pay property taxes.

Some carriers don't ask but you should make sure that you're not indicating (in the policy application that is typically e-signed) that you aren't using your property for student housing if you are.  

All the fine print came in subsequent e-mails.

I am a Broker in California though and still on the Oregon DRE s  e mail mailing list I like to stay up on current laws since we are home builders in the Portland Metro market..

Quote from @Scott E.: I love where you mind is at and how organized your post/plan is.

While R/E investing is about the same nationally the laws are different in each and every state.