What I don’t understand is how something like this happens so late in the process.

This again shows me that you don't understand how these policies work under the hood.

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This deal was on market but was overlooked by most investors who either didn't understand section 8 programs, landlord tenants laws, or underestimated the current market rents because the rents in place were so low.

Specifically understanding why a visitor would want to stay in Northern Grays Ferry with STR options in close proximity in university city & center city....presumably the locations where your visitors will be spending their time while visiting.  

Anyone who has participated in a bad investment understands this.

@Eva Salas, I don't understand why you would put your property manager on your insurance policy as an additional insured.

Just understand that you'll need to manager the PM, so you can't be completely hands free. 

I have free tutorial videos and a calculator I created that will help you understand it better and analyze deals to see what the cash out of pocket expense would be on every deal.

I understand this may have an affect on the appraisal.