To much debt, higher risk premium for fed bonds ...  

Then you want to skip trace the owner via white pages premium, cold call and see if they want to sell. 

Additionally since AirBnB is nearly out of the question for your triplex in Palm Springs, I would have to look at this from an investor side and see the pool as nothing but a monthly expense and additional insurance premium. 

Will need premium luxury space build out to make this move complete with private sound proof office partitions and key faub security protocols installed. 

Is this standard while applying for an FHA loan to receive an up front mortgage insurance premium and then have t pay a monthly mortgage insurance premium?  

You will be paying a premium price and likely, if it is a SFH, will not be suitable as a rental.

I typically go 3/1 or 5/1 because I'm going to refi in 3 or 5 anyway and the premium for a 7/1 or 10/1 is too much.

You are paying a very high premium to purchase perceived cash flow and have actually turned the property into a liability as opposed to a asset.Your property with rent at $1000/month is far too low for a property valued at $150K and is already negative cash flow when accounting for the artificial cash flow that you are buying with your own cash/equity.

I deal with more protection for my business since I'm a contractor but this seems a bit overkill.Carrier: ScottsdaleSix-Month Premium: $1179.5625% minimum earned premiumCoverages & Limits:Commercial Property: $125,000 Building Limit – Special Form excluding theft; $2,500 deductible; Replacement Cost Coverage; 80% CoinsuranceCommercial General Liability:$1,000,000 each occurrence; $2,000,000 aggregate limitProducts-Completed Operations Excluded; Designated Premises/Project Limitation included.Conditions: All subs must carry equal or greater limits of liability naming insured as Additional Insured, hold harmless contract in favor of insured, with Certificates of Insurance.Thank you in advance for your consideration.

Not many apartment communities offer month-to-month lease agreements so you may be able to charge a premium rental rate for doing so.