Typically this is called private mortgage insurance (PMI) but with FHA loans it's mortgage insurance premium (MIP). 

This will make it a lot easier to manage, will cost you less than buying on the market and typically you can get 1:1 rent returns.

The ARV on small multifamily can be a bit tricky as most appraisers will like to use the comparable approach as to an income/NOI approach typically used by larger (5+) multifamily properties.

This move-in ready house features a stove/oven, refrigerator, and dishwasher in the kitchen.

Most owners are local and therefore “hot” money or out of area players are not yet chasing Pittsburgh assets, keeping prices favorable.References United States Census Bureauhttp://www.cmu.edu/news/stories/archives/2017/august/economic-impact-report.htmlMarcus & Millichap 2017 Multifamily Investment Forecast2017 Commercial Real Estate Trends Report by Integra Realty Resourceshttp://www.pittsburghmagazine.com/Pittsburgh-Magazine/September-2017/Staying-CMU-All-Eyes-on-Carnegie-Mellons-Future/http://www.nextpittsburgh.com/features/pittsburgh-developments-watch-2017/

Assuming typical water pressure of course.

The $380K insurance payout is typically not taxable if used to restore the property.

Some of the family-business real estate companies are starting to move from the (typically) patriarch who started the company in the 90s into the kids who are in their early 40's +/-.  

I wouldn't think it would take a private lender (which is much higher priced) than a typical mortgage broker's rates.Is there a reason you think you need a private lender?  

I actually just switched my properties to TurboTenant and am looking forward to this feature.