This is what I did, called about 40 local banks and credit unions, found numerous who would do terms that no other traditional lenders I spoke with could or would do.  

As long as the numbers work, it will be to your benefit to secure as many units as possible with that cheap 30 year traditional financing while it's available to you.

Some of their other big items are Condo Fee/Amenity fee, which is basically $1500/mo. 

However, as I was going through the process they told me they wouldn't give me traditional financing on my property since it was investment property.

Insurance is confusing as there are so many variables and decisions contingent on an investors risk tolerance, portfolio and market location.I urge anyone to ask their agent how their policy will reach to some of these claim examples because all policies are not uniform in coverage and all state insurance laws are not the same.Based on all of the above comments, keep these items in mind;- Some insurance policies will have a Coinsurance clause, which will penalize you for insuring for less than the Replacement Cost. 

Credit unions tend to offer slightly lower rates and fees when compared to traditional banks.  

The whole reason the buyer is using a lease-option is because they can't obtain traditional financing.

3) ok I’d either make my property manager be there for the maintenance items, or if you are self managing then you make the appointment and go there.  

Appraisers don't generally care about cosmetic items, it could have the ugliest cabinets, counters, tiles etc as long as they function.

Moreover, the opportunities to sell off the note to someone else are lower, whereas banks can just originate the notes in accordance with traditional underwriting standards and sell them off to the secondary market.