Not saying its a bad deal based on loan terms because it might make sense just know as an LP what you are getting into.Market Type & Competition:Determine if the property is in a primary, secondary, or tertiary market.Evaluate supply and demand, focusing on new inventory coming online in primary and secondary markets versus more stable tertiary markets.

Because our claim was so large $400k+ the check had to be signed by the adjuster (highly recommend a public adjuster), owner of the property, and then went to the bank to distribute draws as work was completed.I would assume if you sell the property the insurance check would likely go to the bank first (as the primary lien holder) and if anything is left over would come to you... 

For his firm, he has chosen to be compensated by managing traditional investment portfolios, so anyone using annuities would take away from his potential AUM so he tries to attract and convert them. 

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

What was the primary reason your offers weren't accepted by them? 

I would suggest you use a different non-qm loan product that allows for family members to occupy but doesn't require you to make it a primary residence.

My primary focus is on multifamily units and mid to long-term rentals out of state.

There are bank statement loans, non traditional financing.

I have a few options to either use a cash down payment or tap into my primary home equity, about $400K worth of it.

If you're doing a 2nd mortgage on your primary residence to get the cash for down payment on the new Quad, then you're looking at needing to qualify with DTI unless you find a lender who is a DSCR lender and not a traditional conventional loan lender.