What kind of insurance do you use? 

We don't have that ability yet, but we are working on offering this option to members in the future so you could poll about specific locations!

Some rehab loans offer 90% of the purchase price and 100% of the rehab costs.

@Denise CarringerMy preference is to go local - some community banks offer this type of service or local escrow companies, which is what I found, because they offer a higher level of service than most national.

Your buyer pool is essentially reduced to cash buyers, and a savvy cash buyer will figure out why they are the only offer on the table, and reduce what they are willing to offer in turn (since they know they can't refi to pull the liquidity back out of the house for redeployment elsewhere).

What are the pros and cons of each, and which offers the least restrictions, flexibility and cost savings for my intended purposes?

Karin,I know I’m a bit late to this post, but I’d like to offer some advice for your future investments.

Even Northwest has alot of development going in, and the 303 is offering good support to connect freeway access over there. 

Start anywhere—offer to assist, intern, whatever it takes—and absorb as much knowledge as you can.

It offers flexibility as a landlord to be able to offer more or less rooms as needed, protection to the landlord in that you can hedge with adding LTR or STR to the mix, and simplification to the business as your only dealing with one address.