We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

What's covered and what isn't?

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

You won’t have to worry about which policy or carrier covers what, reducing the chances of delays or disputes between carriers.More Predictable CostsScheduled programs often allow for more predictable budgeting.

If your policy doesn't cover flood or wind and the loss of income is caused by flood or wind you aren't covered.  

DSCR loans don't require personal income verification or a debt-to-income ratio, making them ideal for properties with strong cash flow, even if the current owner has credit issues.Here's how it could work:You could use a DSCR loan to refinance the hard money loan, securing more favorable terms without having to involve the seller's credit.Since the rental income easily covers the property’s debt service, you’ll be in a good position for lender approval, bypassing the conventional mortgage route.This approach could allow the owner to stay in the house, while you take over financing with a less restrictive structure.

Like @Kevin Sobilo said, cover your bases.

Cash flow on a househack is near impossible, the best thing to look at will be if you were to move out would you cover costs. 

Reserves:Most lenders will ask for 6-12 months of reserves to ensure that you can cover mortgage payments if you face financial hardships.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.