But there's title insurance, commissions if the property is listed, hazard insurance, and plenty of other things to keep in mind so education is definitely the best first step.

What type of home owners insurance policy I should take on the house?

This is an rental income test for FHA insured mortgages on 3-4 unit properties only (does not apply to 1-2 unit FHA properties).

Not even double (I do have higher geographic cost).Jobs that make 100k+ with no college degree: sales (insurance, cars, software, medical, RVs, real estate, etc), trades (plumbers, electricians, even carpet layers in my area make 120k/yr).

I recently received notification my loan met the requirements for my FHA mortgage insurance to be removed.

Anyone have tile roofing in Florida that insurance denied damage on or only paid for a REPAIR?

Check what will be the cost for title insurance. 

Rates will vary for policies based on age of the buildings and locations.The better policy rates tend to be in insurance pools of certain buildings.

VA Guarantees loans for veterans.Provides guarantee to the lenders for the loan.PMI insurance is not required.The max entitlement is $104,250 * 4 = $417kInterest rates are negotiated with lenderPrepayments penalties are prohibited by law.VA loans can be assumedRequired that the veteran live in the property2% VA funding fee.I am looking at methods of financing a multifamily rental property. 

If he's not licensed and insured then it's an accident waiting to happen.