@Samuel Ksiazkieicz and @Amy LuThere are various companies like foremost, diamond preferred, Aegis, North Pointe.. based on location, rental loss coverage, swimming pool in property or not, pets etc.; the rates are different for various locations.Normally, I use an agent; who helps to locate the  best price. 

I change the wording in my lease it seems like every week to line up with a particular process or maybe increase a fee etc. 

The regulatory floodway is calculated by constricting the boundaries of the floodplain resulting in a 1 foot rise to the base flood elevation (BFE).

There is much debate about that but ideally you’ll talk to an experienced agent who can advise based upon experience as compared to an experienced insurance sales person who can sell. 

If you have any recommendations or are willing to share your experiences, I would greatly appreciate it.As I prepare for the inspection period, I want to ensure I cover all bases and make informed decisions. 

Based on the Opex the seller's agent provided it's $134k which implies the Opex ratio is ~21%.

I believe that is GCE's end game anyway-- to drive mom and pop landlords out of business.

Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $150-$300/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B- These numbers are based on the “sweet spot” in Metro Detroit.

I’ve Identified several locations within my region that, based on the trends in  residential development seem to be under supplied and positioned to be great potential locations for new climate control self storage. 

I'm going to offer up a few words of caution, as well as the way I like to approach flips.... but to answer your up front question on financing, the typical heloc is going in the 9% range.