Would you go without flood insurance, and risk self-insuring in case of hurricane.

In the meantime, your score will be lower and you will have some financial risk, but self-funding is not a bad way to go about rehabs; I've self funded all of mine because it's essentially free. 

Just be sure you understand your local tenant landlord laws/requirements.If you do self-manage I do not think it is worth it to become a 'Certified Property Manager'.

In 2014 I took $ 50K out on new appraisal of $ 175K and now the property is self-sufficient now means rent cover all the expenses.

I feel badly for this man, his family and the trauma the agent was put through but I don't think it's enough to warrant taking absurd measures when you're being sufficiently cautious already.

Assuming the remaining 2 members had sufficient income and credit, could a mortgage be obtained for $500,000 to finance the buyout?

Also, if we want to better cover our risk, we can obtain a sufficient security deposit up front.As property owners/landlords we are ultimately responsible, so the utility companies send us a copy of these bills.

This year, for the first time, my wife is self-employed.  

Average $50 per month and is like a Property Manager for the maintenance side of things, as I own a few properties and currently self manage.  

I recently inherited a house worth about 100K; I'll have it rented soon.I'm self employed with good credit but a low net income.Would HMLs be likely to give me a line of credit on the property up to about 75K for doing small fix and flips?