I do not think this is a good plan (the part about adjusting rent of current unit).Why concede rents in a hot market?

HOWEVER, your upfront fees will be hefty thanks to the loan level price adjustments (LLPA) on a 90% second home.

in SD deals only work if you put over 50% LTV and at that point there are so many other assets that IMHO give a better risk adjusted return. 

As the agent brings in more money, that split adjusts and the agent keeps a larger chunk.

Would you recommend hiring an independent adjuster to work with the insurance company?

steps to decide: 1-flush out the cash flows & sales proceeds of both scenarios, discount them based on what % of the return is likely to be realized vs "optimistic"2-find a delta in the cash flow of the risk-adjusted outcomes (pretend these are your most-likely outcomes)3-determine your time investment on the self-managed opportunity4-divide line item 2 by line item 3 and compare against how much income per year / hour your time is roughly worth5-if this figure is less than your desired income, avoid the time commitment investment; and if the figure is more than your income, buy the time commitment if you're wiling to do it.

So I do not blame them if they can't make their number during interest rate adjustment era.syndication is more like amateur REIT lol.

This generally means that the rehabilitation costs must exceed a certain percentage (often 100%) of the building's adjusted basis.Qualified Rehabilitation Expenditures: These are the expenses directly associated with the rehabilitation of the building.

If they had told you this when you bought the property you could have adjusted your course to accommodate establishing an investment intent rather than the fix n flip intent.  

Don't need to know amounts, you can adjust to actual.