Typically these units have been set up for international students, who aren't likely to complain to the city, but if you received complaints, these units would never pass city inspections. 

The answer is yes, you need to develop your own internal policies on what should be repaired out of pocket vs filing a claim.If you find lots of broken window type repairs, you are better suited to adjust your tenants or something you're doing to minimize the harm.

It results in higher internal costs in order to support the higher death benefit that results.Since you are a flipper, I doubt you would be willing to commit to a high annual premium for at least five years.

I am an accounting manager and she is a internal auditor, together we make ~$145k/year. 

I bet that impresses the parent cosigners, as well.I've heard international students are usually great tenants because they tend to be more responsible and an eviction can cause them to lose their student visa, so they and/or their parents make sure rents are paid on time.

If we were to sell this property today, our net cash flow on this deal would be over $238,000 and our Internal Rate of Return on this deal would be 237%.

Well, sometimes it is.I do nearly all of my wholesale deals from about 2000 miles away.For someone starting out I would recommend a local education first by either partnering with someone or interning with a wholesaler or Rehabber to learn the ropes.

Currently my listings will go out to over 1,100 sites internationally, translated in to the local languages. 

The person has been determined to be an independent contractor by the federal Internal Revenue Service.

If you travel internationally, use CitiBank.