Ask another as well to make sure. 

You might be able to go this route if your lease says something to that effect.Without lease support, you can write them a letter informing them they are in violation of the terms of their lease due to the lack of proof of insurance.

I currently use Wells Fargo and it’s a pain in the butt to keep going there in person and setting up a security deposit account.

I have been looking at sf homes with comparable SqFt to one of the units, as well as the units combined to try and get a feel for what this is worth.

We do well with ours in Denver and Colorado Springs, for instance.

@Henry ClarkGood information.

I've done a lot of value add as well so that helped speed up the process.

We also had a transient tax and municipality as well.

That’s IF the lender decides NOT to pursue a strategy of bankrupting the borrower by filing a ton of paperwork, motions, requests for information, etc.  

If I were in your shoes, I would put together a pro-forma for your project that includes projected timelines and returns over time for both strategies (I'm assuming you mean SFH for sale - if you're also considering Build-to-Rent SFH I'd add that analysis as well).