@Robert Hutsell @Jason Bott is right there are geographic distinctions that can greatly vary the policy pricing, if your property is located in Del Rio, you may be in a sweet spot as far as rating structure goes! 

The distinction on larger properties is between a sponsor and an investor.

Florida FARBAR contract.You also might want to know chapter 475 Florida statutes.Unlicensed brokering is the flavor of the year for new "investors".What is your strategy? 

You can't fund until you have a deal, but once you have a deal it's too late to find funds...What you do is line up the funding: get a private investor or bank that agrees to a flavor of deal. i.e.

Cameras come in indoor and outdoor flavors. 

I know they are both distinct in a way but that's just how it goes sometimes.

The valuation and market value of a multi family property differs from a single family and you want someone that understands the distinctions if you go that route.

I think it's worth making the distinction because I can eliminate a property that won't fit my buying criteria a lot faster with the former than with the latter, but Michael Blank's is a lot more holistic and includes nice stuff like different classes of equity and their respective returns, etc

Would we each apply for distinct loans and then pool that to make the purchase or would we be able to share a single mortgage between the two of us?

I combine repairs and cap expenses because there is a fine line distinction between the two on some items.