But, each company may have a different policy.

It may be too late, but you can save on this by doing a "hold open" on the policy when you buy and then update that policy for the change in value.  

So significant savings there.2) no appraisal3) no termite certificate or other fees.4) Lender's title policy.  

That is how multifamily (5+ units) are valued and lending is based on that same value.2- Yes but you might start out offering a 10 year term instead of 5 just to give the deal a little extra margin of safety and negotiate.

Also always wait until the tenant is out before you do any of that and send his safety deposit minus the fee along with the statement  to him by certified mail with delivery confirmation to his new address.

Make sure you get an owners title insurance policy. 

p.s.A manual safety kills.. don't get a carry gun with one.

Generally they get called out when they are a threat to the safety, soundness or security of the property. 

While this tenant may end up paying it's bad policy going forward.Get them on an ACH service since they have money.

If you use a hard money lender on a real estate rehab deal, keep an open door policy, especially when times get tough.