@Mitch Davidson - are you hearing anything different or more detailed locally? 

-Detailed inventory and inspection of owners property (this is done for LTR also, but few LTRs are fully furnished and outfitted). 

To get the same numbers for the LT rental, I'm estimating the rents would need to be at least $2,800/mo.

Come on, spill the details!

I appreciate all of the detail but what information was provided to the agent that wrote the policy?  

And you need to keep detailed records of all repairs and improvements.

You can DM me your email so I can send you the details.

Clearly there's a lot more ROI and work for a BRRRR.After finishing David Greene's BRRRR book and combing the forums, my impression is it'll come down to building the right team and doing our due diligence on finding and analyzing deals, estimated ARV, rehab costs, and rent /demand for an area with the most conservative estimates. 

If your estimated rent from a property pays off the Mortgage + Maintenance + Property Tax + Insurance.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!