I’ve been busily patting myself on the back for the amount of equity Ive built up in my portfolio and all my bills are paid and the cash flow I thought was good and just had someone else analyze my portfolio and their first response was that the equity is useless unless you plan to sell it or leverage it and my CoC was not good.

You can underwrite it but who is going to back the policy?

As a result I've gone back to Property Radar to give them a try again.

You will get call backs this way. 

So for example, if you prepaid the loan by $50k it just deducts from the back end. 

So hearing everyone talking about doing cash out refi's to buy more property I did but it came back to bite me in the butt.I bought a rental house back in 2012 and naturally values went up so after a couple years I did a cash out refi and used the gain for the down payment on another rental property. 

Those ultra-low literally never in a lifetime loan % is a result of the Fed dropping the Fed Funds to 0 in 2020 and keeping it low for 2 years, while at the same time buying mortgage backed securities, all while the market was booming.

Splitting utilities shouldn’t be the biggest priority as in most situations you can bill back anyway.

You should check with both the National Flood Insurance program (NFIP) backed by FEMA and the Private Market Flood programs. 

Also, if they default you get it back and start again.