You can put 5 - 10 into one policy and pay one premium.  

Doing that will cost a premium and you may not be able to buy in a "good" area.

Don’t deplete your reserves use your insurance and just pay a slightly higher premium but I’ve heard that USAA is actually good and won’t increase especially if you haven’t made any claims with them so far or make frivolous claims.

What I will say thoguh is that CMHC has done their best to try and avoid a market tank in real estate with their financing premiums for high debt ratios/low down payments.

Most sponsors will assume cap rates will increase 5-10bps per year, so even if a sponsor misses on their rent growth, renovation premium, etc. assumptions, they outperform their total return because cap rates decreased. 

I just started reviewing the material today and have not consulted with anyone regarding the Cap Rate, however I do know the location would most likely fall in that range...I came up with the higher 2% cap rate as well, that’s why I wanted to make sure I wasn’t calculating incorrectly...I’m guessing the other $10m is an additional premium for location in Southern CA...lol

What we have done with renovated /rehab units is apply a premium for the renovation package.

They are at such a premium, people are paying way up for them and even with exorbitant rents it's hard to cash flow early.

Some other states noted FC timeline and costs are not much different and you will not pay the Texas premium,

You'll hopefully make enough interest on those to cover the premium you paid.Also, keep in mind, it's about 4 years until you can actually get a Treasurer's Deed in your hand for a parcel.