Loan: 20% down, $4,038/month PITI.

I mean, don't get me wrong, we have to comp the property...so if you are looking to REHAB the property and make it something different, then you need a rehab loan first and then refinance after type of thing. 

Statistically, I would bet that many of these properties could be at risk from a similar event before the reconstruction could even be completed.What is the new premium on a $5-10-20M insurance policy and how could it ever be recuperated during the life of the policy or length of the average 30 year loan? 

Sounds like their combined income likely beats your other tenants.Your gut is probably your best bet and you need to go with it. 

Loan: Bank Statement, $5,500/month PITI.

ThanksBrett, we do flips and rehabs and have several lenders in the area that specialize in ARV "style" loans.

Real numbers- purchase 907k,rehab , closing costs, soft costs, 840k, all in 1.747 mil, basis for each unit should be roughly 291kappraisal of each unit minimum 400k , so 2.4 mil if for all 6.I might refi only 4 out of 6, that will cover initial loan amount.

Tired landlords and conventional loans weren't available.   

Loan: Bank Statement, $4,300/month PITI.

You're likely looking at a 25% down loan for a non-owner occupied.