How much of a credit do they offer at closing to cover the servicing fee?

Most occupied property insurance policies will cover "vandalism and malicious mischief" but there are different forms of policies so you'll have to ask.

Just make sure the bed/bath count is correct as it can affect the income drastically 

Some renters may hesitate, but if the rental market is strong and insurance is covered in your numbers, it can still work.

The insurance ended up non-renewing our policy because of the "claim," and most other insurers wouldn't cover our home because of the claim. 

Also, many PadSplit properties have bedrooms that are created via flex walls that wouldn't meet the definition of a bedroom in an appraisal, so many PadSplit owners may think their property is worth a certain a mount based on a bed count that's not valid. 

I'm going to ask for either a $50,000 downpayment or a source of funds letter from your lender to cover this amount.8. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

I actually like them because the homeowners' association (HOA) usually covers most of the insurance, and there is very little maintenance required.

The carpets covering the stairs are matted down, stained, and especially smelly.