Generally speaking the laundry vendor should spell out the exact dollar amount and not utilize vague language like "reasonable amount" of insurance.

I can tell you I've had quite a few owners calling me in the last few months looking to transition their STR into LTR for the same reason, and like you, many are stuck. 

So basically I'm putting 12.5% overall.I'm planning to move there for multiple reasons, first I'll get 5% down payment perk. 2nd I'll do very minimal renovation on the apartment I'm living so I can't rent it for more once I leave.

While this is true for a lot of markets, it is not true for some markets.

Is that true?

A tree near a sewer line will still likely find a way to break into modern plumbing, etc.Again, good to be aware, but when I read things like this, I can't help but see the inverse of "modern homes have no issues", which is not true, either.But to add one: box gutters.

The most challenging way to get started in REI is in true Wholesaling.

And what happens if they break the lease for some reason and leave before the 6 months? 

Recently, we have seen an influx of bidders get loans under agreement and then after a month of due diligence (where it should take about two weeks) come back and try and fade a bid for reasons that make zero sense.I know in traditional real estate people will put an offer and then get an inspection done to try and renegotiate the price.For note investing, buyers should remember it is a very small circle of investors and if this is your MO, then it will not be long before you get blackballed For example, if a loan has a balance of $100,000 and you will pay $80,000 and the seller has a value of $275,000 for the property and your bpo comes in at $260,000 - trying to explain tot he seller you need to fade your bid because there is $160k in equity not $175k is not gonna fly.

That is true for both Roth and Traditional.