You bet.

If private companies continue to provide the insurance, I suspect we will see further increased premium costs which will need to be reflected in the rents tenants pay (all tenants: LTR, MTR, STR).  

I'll bet you a cup of coffee no one has working keys.

Kieran, the best bet here is to refinance with a DSCR loan.

Quote from @Brandon Foster: Hello Ryan,STR is do able in the north county area but there are a lot of rules and regulations.The city of Oceanside right now will not allow anything STR unless it’s west of pacific coast hwy.This is changing a lot too so you need to be aware of that in your plans.Carlsbad is super strict too but there are some condos that are still available to do STR in.Medium term rentals are as safer bet but way less profitable.

The question I'm up against is what private money is going for these days for a build with this much room for upside.

I could never find anyone that had done business with them.I mean really anyone do no doc 5.75 % private money.. 

Hello all. 
We will be almost doubling our portfolio next month (81 doors total). We will be paying nearly $50,000/year in property insurance. Insurance doesn't cover anything anymore and we can almost just pay for a...

Do you want your son to bet the financial outcome of his 20s on this seller's ability to make good choices? 

There is a lot of information on BP regarding being a private lender and outside groups taht have a lot of support in this space.