So, if your lender requires flood insurance - then you have to get it.  

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

Think of commercial vs residential as driving a prius compared to a mack truck. 

What are you to do if you want to write everything off but still look good towards a lender?

Zillow Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

How does it compare with typical mortgages these days?

I disclosed to my lender that the Wholesaler was making 5k so then it made me look like I was lying to my lender when the HUD clearly showed the Wholesaler was making 15 KI recently had another transaction where a Wholesaler renegotiated a lower price after the fact.I’m assuming that where the wholesalers have that ability to make that extra is that they are naming the price that the buyer is willing to pay and not necessarily naming the dollar amount that they are assigning their contract for so this gives them the leeway to keep trying to get a lower price from the original seller, even after the fact of going through the motions of transferring their rights to the property to a new buyer.

The core 4 consists of a realtor, contractor, property manager, and a lender.

The first thing I would do is start analyzing the rental market that you are looking in to get a feel for comparable rental rates.

Opting for a reputable entity within the industry is advisable, and seeking out reviews can provide valuable insights in this regard.When seeking qualification for a hard money loan, lenders typically scrutinize four key factors: company structure, creditworthiness, liquidity, and collateral.