And blew the whole wad. 

no way to really answer this until we know what state or counties you want to do these developments in.Each state and County can be vastly different and as such change the metrics of that whole laundry list of questions you asked. 

I believe this situation was handled in a way congruent with BiggerPockets values and ethos - information was discovered, we gave the user in question an opportunity to respond publicly to the allegations, other members of the community chimed in to make comments and ask questions of their own, I made the decision to close the post because I believe many of the top viewpoints were discussed and I didn't want it to turn into shameless trolling with no additional value, that whole thread remains up for community members to view into the future for transparency and anyone who reads it can form their own opinions with the information presented.

If you are talking about just throwing offers out there and nothing is sticking, that's a whole different issue.

Or the market goes crazy and the property value goes way up but she says she gets all the gained equity because she's been paying the whole mortgage all this time and she's dating a lawyer now who is on her side... 

At least you won't have to stock the whole place.

I manage furnished rentals in North Dallas, Plano< Richardson-- but we rent out the whole space.

It sounds good in theory to split one into more, but you want to keep banking equity on this one as it requires nothing from you and pays you money which is the whole goal of real estate investing.

So it's possible that the other insurers just don't want to insure your house for some reason and their way of telling you that is to give you a crazy high quote.A body of mine that owns a large portfolio is insured through Vermont Mutual or something like that.

Edit: I noticed either they had my comment removed or the whole thread from a BP discussion last year about this as well.