They come with their own tools, experience, insurance, licensing, and continuing education.

Have talked to a few and they are willing to lend on the property, the concern is that with such a high commercial %  that MI company won't insure.   

On a rental, find what the property would rent for per month, multiply it by 12 (annual Income) and then subtract taxes, insurance, holding costs, (whatever else you account for) and divide by your offer price to get your net ROI.

. - Title Company:: In the purchase agreement the seller should be required to provide an owners title policy insurance.

My other question is if anyone recommends an insurance agents in the nyc area who can write a policy for my situation if i did airbnb for the rental unit?

Even under RESPA if the seller is paying for title insurance for both the buyer and the lender, they can dictate the title company.

I noticed that the lender increased my mortgage insurance (MI) premium to almost double the original amount. 

Housing can also inspect the unit for health hazards like cockroaches, marijuana, etc.Personally, I would tell Housing that you want these tenants out because they are destroying your home.

I am considering increasing my home insurance deductible from $1500K to $4000K.

@Taylor CochranOkay.So, you have to treat this like a buy and hold rental with you also living in one unit.So, you need to calculate the cash flow and the ROI.On the surface, if you're renting part of it for $1,750+ and mortgage would run around $2,500 at 4.5% interest rate.That leaves you with a negative cash flow for the investment before you consider property tax, home insurance, and reserves for maintenance, capital expenditures, vacancies, utilities, and property management.You should check out the Bigger Pockets video on rental property analysis.