Who would rather just not pay an insurance premium and handle and expense when it comes up? 

The premium for redemption is 20% within the first 12 months.

If multifamilies are very expensive in your area, it is because of the land.If you can find any vacant land in your area, I suspect it will come at a premium.

Then you can likely rent for a premium.

I put a lot of value on location and definitely pay a premium for it.

Hello,I have had a good experience with State Farm but am looking to lean-up annual premiums on buildings 4-14 units in size.

Read an article about a Texas home being sold for bitcoin, and this gave me an idea.I personally don't buy into bitcoin or any cryptocurrencies, but I see an opportunity of turning crypto into cash instantly.Sellers can pay a premium for accepting crypto transactions for their listing, but will receive premium price for accepting crypto from buyer.

I would assume you would escrow 3 months of this as well to your escrow account to be paid out annually be your lender....Hope this helps, maybe the confusion is you did not realize that in edition to the escrow funding you needed to pay homeowners and flood premiums in full?

Have them make the premium payments to you and you keep the policy active.

Re the Title Fees ... it depends on the loan amount (to calculate the title insurance premium) and what, if anything, the title company is responsible for doing in connection with each construction draw.