I do not think that is a bad quote (of course this is coming from the person getting $5k-$7k quotes to replace a tankless hot water heater...). 

If you need help setting this up, please feel free to reach out. 

A pretty spreadsheet doesn't matter because none of us know how accurate your numbers are, your level of experience, how many times you have seen it in person, and what other property anomalies exist.

I apologize for the delay and I hope your deal went smoothly.William, the only way I see that being possible to get someone to lend is if you have very strong contingencies for the return of EMD that stretch the full term of the contract, as well as a personal guarantee on the loan amount. 

Now with Google Earth and other apps I can gather enough “feel” for the property to only site visit a property that we are ready to fund2.

I will advise to buy a home with many rooms, your income will be higher. if one moves out, you have the other tenants paying the rent, which is different if you rent to only one person.

Sure thing - IRC 1245 refers to Personal Property type assets - think of all that 5-7 year property you pull out in a cost segregation study. 

Feel free to reach out if you need any assistance!

I would like to know if anyone could recommend an insurance company along with a person I can contact to receive a quote.Thank you,Mike

Feel free to shoot me a note and we can connect!