Who has dealt with this misfortune anywhere else?

It’s looking like this will cash flow neg just with est mortgage payments plus insurance and taxes of $1100ish (after renovation), property management of $120.

I'm now running into the issue of insurance.

I would look to house hack first.

Hello , I have a rental property in memphis and now planning to get second one.I need to understand if I cash-out-refi my first property and put the cash downpayment on second one , Should I consider that as 0% downpayment Or 20% downpayment to calculate if the numbers make sense.Also suggest if I should do it at this point or wait some more time.

I look forward to connecting!

Hey @Rocky DeFalco I don't know if this is helpful at all but I invest in Indy (non section 8) and in KCMO (section 8). 

Sure thing- happy to help you in any way I can. 

Anyone have tips for finding them and how to structure the deal to become lucrative for them as well?

Another approach could be to use LPMI, which rolls PMI into a slightly higher interest rate, potentially saving you monthly PMI payments.