I will appreciate if someone can give me a feedback about it based on experience working with it and finding deals thru them.

Personal Property Replacement Cost Coverage is not included, and valuation of contents would be based on the Actual Cash Value/ Depreciation.

I am concerned that they might not be able to afford the rent. would you qualify a prospective tenant based on these numbers? 

Either a CRM approach which centered around homeowner engagement, followups, collaboration and communication with your power team.   

I only do 12 month leases and re-evaluate the rent price based on market conditions at that time.

Investment property HELOCs are hard to find but a closed end 2nd mortgage on an investment property is going to easily be in the 10s and up for an interest rate.More about DSCR loans:DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.

Here's my advice based on an 'n' of 1:- in my case, Insurance company agreed to pay 33% over asking price.

Namely, transfer taxes based on the assessed property value (even if transferred for a $1) & presumably additional accountant fees related to basis. 

Maybe they communicate differently but have good intentions.

I expect to offer to keep the rental rate the same based on the market, but know when I was a renter there was always an option to go month-to-month for a higher price.