Lots of bedrooms for any size family, and renters often can't tolerate paying the heating bill for an over-sized house.Sometimes these can be made into rooming houses, if zoning permits (but that is a more hands-on business to be in than whole unit rentals).

I rehabbed, have owned free-and-clear two multifamily buildings: 8 and 5-unit for 3+ years.Essentially zero vacancy and steady rent increase in this popular downtown location.Annual NOI is $140K although I manage them myself.

I just hired a new one last month, and they charge 8% and ZERO for finding a new tenant.

None of the property managers I've used had the $2M requirement, but most wanted to be additional insured on my landlord policy.

My guess is the lender's all have internal policies regarding max. cost of commission they are willing to pay.

His salary 5k+/mnth, her salary zero.

For example my landlord policy covers liablity, lost rent as well as the structure.Section 8 does require inspection prior to moving in.

I have contacted a few companies online for a builders risk policy to cover loss or vandalism while we remodel as well.

( I think it would be helpful to say I would be graduating with zero debt since I'm on full ride scholarship as long as my GPA stays above 3.0)Sorry if this is a childish question for biggerpockets or the wrong place to post, I've been reading alot here and was just looking advice from the people with experience here.

Perhaps you've seen my ranch business card with my no-livestock policy, "Big Hat, No Cattle" motto paraphrasing the Texas' All Hat -No Cattle term.