Insurance companies are always looking for MTR that are furnished like ours  never stays vacant more than a week.

@Summer Shelton yes, FHA loans do allow this but make sure you speak with your lender about some of the trip ups from these loans.  

One has a 162k mortgage, $1250 tax,Insurance,%3.5 30 yr, worth at least 750,000 LTR rent $3200, #2- Los Angeles worth   $750k as well just did a remodel of 150 K, mortgage is 75,000 payment $700.tax,Ins, Mtr/str hybrid.

A cost segregation study was performed on this single family home in Iowa City, Iowa with a depreciable cost basis of $649,900.

Hi Benjamin, call three insurance companies and get a quote, start there first.

You can get a much better return on your investment elsewhere and with $500k you can buy 3 homes or a 4 unit.  

3) Remaining $5625 is reimbursed to me as home office expense.

This will allow you to remove the person and do the financing on your own.Home Equity Loan/Line of Credit: Since you're looking to access equity, a home equity loan or line of credit (HELOC) can be a good option.

I am considering a 12 unit multifamily property in my home market of Harrisburg, PA. 

There are DSCR lenders will allow only a single 20 or 25% owner of an LLC to sign a Personal Guarantee (other owners are not on the loan, or liable for the loan).