So you can’t compare an investor rate on a 3-family to an owner occupied single family rate - two different things.I think local credit unions for the most part are going to be limited to working with people who live/work in the area.  

This should be compared against a contractor's or sub-contractors price.All the best!

The rental rates seem really high compared to other markets I've compared to.

Rentals work best with LLC compared to S-crop.Also, Series LLC will be better for Buy and holds.

The sellers are using the newly remodeled interior to justify ridiculously high asking prices compared to comps in the neighborhoods.

,Here is the text from some prior posts I did that will give you lot of basic info:When deciding on a property here are some things to look for from an Insurance prospective:1.Any in-ground tanks (active or inactive)2.Any Knob & Tube or Aluminum Wiring3.If built before 1978, does the building have Lead Safe certifications4.Any wood stoves or secondary heating units.

I would also compare those two quotes to check for any coverages that you can cut on or that seem out of norm from the others.

If the 2nd feels the seller has enough assets, then they either want a personal note signed or a pay down prior to closing so on the HUD they only net the $5000.  

If she has had them for a long time and you did nothing about the situation found during regular inspections then you are likely out of luck since you did not give her any prior warnings.

I've been seeing a lot of properties with no lease month-to-month (no prior/expired lease) tenants in place (for example, in a basement.