But the labor costs wont affect the flooring costs which will be static nationally more or less.Also, if its a lower class rental, doesnt seem that unusual.

Because it's not unusual to find a property for $20k that needs $100k and 6 months or more worth of work.  

That is a fair assumption, because I typically rehab my houses top to bottom when I buy them (cheap) and rent them out (fully rehabbed), and that's not unusual for my costs.Using that $20k figure, and the $700/month figure you put in your post, you find that even if you financed the full cost of the house, and figuring in vacancies, you would have recovered all of those costs in about 5 years.

Also, the last 5 years have been very unusual so all the people who have "won" in this market (myself included) should not be patting themselves on the back.

All of April rent was paid, except for a trailing $50 short from one tenant which isn't unusual for her. 

I told them in no uncertain terms that I would place the house on the market, sell it, do an Exchange, and find another lender if they did not allow me to self-pay the taxes and insurance.

I'm not selling because it doesn't make sense to go all in or get all out on an educated guess when the outlook is this uncertain.

I was not impressed as they would not provide any references for reviews, they sited privacy concerns, which I thought was unusual. 

The result is very little competition and unusually good numbers experienced in this unique niche.

This would also be unusual, but less unusual.