Premiums depend on how much business the company does in state.

It could be a syndicate has ran it's course, a bad partnership, a divorce and a split of assets, investor is bringing investments closer to home, needs money for another project, etc.Sounds like you are competing with home buyers who will pay a premium and are fine with just a little built in equity.

SO they can agree to payments and maybe a premium. 

Prepaids $4,163.11 $3,866.00 01 Homeowner's Insurance Premium (12 mo.) 02Mortgage Insurance Premium ( mo.) to Investor Lending USA $297.11 03Prepaid Interest ($27.01 per day from 9/20/2018 to 10/1/2018) 04Property Taxes ( mo.) 05 G.

My plan is to hold it as a rental, but the flood insurance premium might be a CF killer. 

What should I expect in terms of premium for $500k coverage?

For signing papers, the broker I use provides a premium dotloop account.

And by doing so, their charge a premium (in my opinion).  

You can get a premium tenant and a premium price in exchange for helping them to buy.My experience with regular tenants is that even the good ones are constantly calling you about little nonsense issues.

Enough that it is more cost effective for me to self insure the property for hazard than to pay that premium yearly.