Or are the insurance requirements very standardized so there would be almost no variance from lender to lender?

@Kevin Hoff garage door openers are standard equipment in any new construction in my area.

But some general rules of thumb I look for: it needs to cash flow when accounting for PITI, repairs, maintenance and vacancy reserves, AND a standard management fee, typically around 8-10% cash on cash not including potential appreciation. 

I am looking at building my first residential subdivision and I am trying to gather some information regarding costs to develop the land to city/county standards.

Here in California the seller is generally responsible and a standard PSA.

Gotta use the latrine or depart the facilities to get in while the gettin' is good.

When it flows via a k1 you will get a bump in your debt to income ratio when working with Freddie/Fannie products versus the standard page 1 carry of your rentals.

I agree with Scott Mac that your interior has to be up to the standard of the others to demand common rent. 

Any of these are potential red flags.Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)Don't allow for your own independent property inspectionAre not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)Require you to pay for any renovation upfrontSell only in cheap. low end neighborhoodsDon't accurately represent the neighborhood/property classificationDon't have consistent rehab standards for all propertiesDon't provide a scope of work for the propertyCan't provide references of repeat investorsRequire you to close before a tenant is in place

Or is it best to just do a standard 5%?