That said, even with conservative rental income estimates, my living expenses would eventually drop to several hundred dollars less than what I’m currently paying in rent once the house hack starts generating income.I do have cash reserves to weather some rough patches, but the idea of pushing my budget this hard makes me uneasy.

When loans were called, was it due to specific triggers like delinquencies, insurance lapses, or low-interest rate portfolio loans held by smaller banks?

I can pay for all my problems using the cash flow from my current rentals.

It might have been bound but many insurance companies have put those new policies on hold if the purchase has not happened due to the disaster and letting the mortgagee(lender) know that the policy is on hold.

With a private auction of an already foreclosed property, you will usually be allowed as part of the closing to have a title search done and to buy title insurance.

Investment Info:
Single-family residence buy & hold investment.

Purchase price: $305,000

Cash invested: $80,000

Single Family home in a 55+ community. 2 Bed 2 Bath, attached 2 Car Garage. Tile ...

@Ashish Gambhir like most have said it will take some creativity or a lot of work to get a cashflow rental in the Triangle. 

https://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...Short-Term Rental Loans: What Are the Options and How Do DSCR Loans Stack Up?

@Caleb Rehg  I would advise your first step is to search this site for college student rentals and student rentals and read all you can. 

How about the increased home insurance cost for a landlord policy?