Let’s say your 25% of that so you personally have to come up with$1mm to $5mm.  

Usually agencies mark up the VA costs significantly.

Quote from @Jason Martinez: Thanks for the post!! 

I brought it up to a friend this morning, saying I was concerned about what a smaller population could mean for the market.

This will typically be a DSCR loan up to 75% of the new value.

It's possible as well that many of Grocapitus' investors are simply not on BP.

Meaning, if you take the money only, you would have depreciation recapture from your cost basis up to the original purchase price of the building (not including the land cost because it wasn't depreciable), plus a capital gain up to the insurance proceeds.Hope this makes sense. 

It is still a low income area that is up and coming and is becoming more desirable for it's proximity to the aforementioned areas.  

As you may have found in your search, there are lenders that will lend up to 80% of the appraised value on investment properties and don't require an appraisal.Let me know if you'd like me to point you in the right direction.I have not; I'm still working on acquiring my next house hack, but when I need it, I'll probably use a combo of hard money and margin loan.

Take a look at BP's blog where new articles are published every day: https://www.biggerpockets.com/blog4.