The other tenant credit is very poor.  

That seems like poor decision making on the banks part given the LTV.

My guess, some will, some won't at which time you can give the poor payers the 30 days notices (essentially giving them a probationary period with the month to month and new rules to see which tenants can handle the new format and which can't ). 

Insurance companies each have a formula they use to find the depreciated value of something based on age, product, how long that product is expected to last etc.

I purchased a 16 unit foreclosure with great bones and poor management.  

So you are right, and I'll correct my previous mention, the end product is convenient but not competitive.  

I'm not familiar with that process at all or if the VA even offers much in the way of refinancing products. 

I know a lot of people say that a good PM in a ok market is a lot better than a poor PM in a good market....

@Drew Oberholtzer, Hey if you PM me;  I can send you information on our Portfolio loan product if your still in the market, thanks.

It was very poorly publicized to anyone but the banking industry.