@Simon Obas - we have local building supply companies that sell roofing materials, siding, windows and doors mostly directly to contractors but they have a small show room for retail customers as well.

The main reason I would stay with an Insurance company, is they supply the Attorneys and other experts. 

That answer is usually: “yes” at least in our area where rentals are in shorty supply - so you should have no issues finding a renter.Hope it helps!

After examining 47 appraisals (supplied by RTR on their recent deals) and running some data analysis (plus plotting that data on a Google map), I have somewhat of high confidence that the valuations should be 375k+ ...

Or is small multi family strictly based on comps during the appraisal process, and other local market variables?

It has the leaking problem with the water supplies (below grade level) to foundation.

Use an RMLO to get a credit app b/c they will supply some of your required disclosures. 

@Cheryl J McGrath  When the loan is supplied to an entity (LLC) it is considered a commercial transaction (even if the property is zoned residential).

I’d supply them with a down payment and a reasonable interest rate allowing me to keep a certain amount in reserves.

I recommend you do this each year to adjust for utility increases and other variables.