@Terrence Williams they’ll want to see a net worth equal to the value of the building, 20-25% down money and anywhere between 6-9 months liquidity to cover rents if you were to lose all tenants.  

Putting maintenance free siding on the home may add some value, but it won't add enough to cover the cost of doing it.

If you own some rentals I think I know a lender that would cover 95%

I would think that you NEED to have enough insurance to cover the mortgage. 

and to understand how they fit together in your toolbox, as none will give you everything (e.g, insurance is required and it will cover you for many situations, but not always; asset protection (LLC) is litigation insurance and complements regular insurance, by minimizing the target and making it unappealing).If you are a new investor, probably you will not have a lot of assets and/or equity to worry about (but even that is relative and subjective to each person tolerance to risk) so I would not worry about that till you pass that risk threshold (in my opinion 100K+ in equity, maybe 50K if you are really risk adverse) and you should be primarily concerned with finding good deals and growing your business first.

There was 150k paid by the insurance to the previous owner to cover the mortgage only and nothing more.

I am sure if it is 90% LTV that their mortgage insurance to cover the gap.

I recently used on to take on a cover in a dishwasher which according to the instructions was factory sealed.

I bought it with an FHA loan and had the sell cover closing costs.

In fact, given solid credit and a decent loan size you can even tap up to 50% of the appraised value to cover closing costs.