Depending on the type of auction, some charge a buyers premium also which is added on to the winning bid.  

Now, a family member saw the property and wants to buy it from me at a premium (I am of course getting it under value).  

Based on my experiences thus far, I am paying a premium amount for insurance coverage on all of my properties with oil heating.

In a home owners insurance model, instead of having a premium that, over the life of a policy, pays off the entire value of the house in the event something happens, the premium contributes towards a pool of money that will be used for the rainy days when something goes bad.

I am speculating that the “fully rehabbed”, “tenanted”, and “property managed” property sold to the unwary investor, will be with WITHOUT a safety margin, likely at full retail price (a big no, no), or even at a premium.

No matter what you write on the form, you would not be removed from the work comp requirements in your state.Fundamentally, buying insurance is placing the "risk" (your concerns with your handyman) with the insurance company for a premium. 

So while it is more flexible lending, you will pay a premium for it.  

In South Tulsa, I can keep SFH rented almost 100% of time at premium rent. 

The good part is the premiums are much more reasonable then the government premiums.I hope this helps and good luck with all your investing.

Yes, you probably won't have too much for maintenance expenses for a new home, but you do pay a premium for that benefit.