This will be area specific. 

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So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Sometimes, you need to be very specific and provide all the details to help them properly investigate.

Many people in consideration of #2, take steps to protect the assets so that Medicaid cannot take those assets like a home.

For the most part vs focusing on a specific neighborhood or two I would say keep you options open to all. 

That isn't written somewhere specifically that way, but your lender will ask why you would move your primary from (for example) a 2,000 SF SFR to a 750 SF unit in a four plex? 

There isnt any one magic "cheapest" loan - it will be highly specific to the deal.

A couple of tips:Ask specific questions: The more specific your questions (like, “How do you evaluate a potential deal?”