As someone else mentioned, insurance here is generally less costly than in Florida and other beach markets. 

If you haven't already, read "The Book on Estimating Rehab Costs" by J.

You could convert them to a DSCR loan but then transfer them to a LLCWhat we have done is save for down payments and renovation costs, - buy properties that need work rehab them and then refinance them out making sure it meets our dti.

I would keep it at "reasonable market rent" (whatever that means).

One reason was the condo management company wasn't doing a great job and there were always extra levies. 

House hacking is a great way to build wealth while keeping your living costs low.

The cleaning costs alone were over $9k.

Furthermore, it sounded like they were mad at us for using their name on our pitch deck to the broker when we thought that was the main reason we are signing up with them, to leverage their experience and credibility as a sponsor.We were super disappointed, but to make things worse I heard later that Ryan Woolley was telling other students that we didn’t have our act together and it was a bad deal.

Trying to get a # from him about estimated remaining cost but got nothing.   

I decided to buy the property from my grandfather using a gift of equity, which allowed me to take over ownership without having to come up with the full down payment and pay for the tax lien and his closing costs.