My current issue though is that my mortgage and insurance have gone up to where it no longer seems like it would be valuable as a rental.

States like South Carolina and Pennsylvania have already banned it.

I personally wont give a wholesaler a non refundable deposit.. if the deal cant close for some reason they will normally ghost you.. this is probably new western or one of those outfits.. who rely on FOMO high pressure to get the deposits up front and released like that.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Holding the townhouse sounds more like a bad investment plan.Any advice is appreciated :)

Traditional Landlord insurance from the typical companies like liberty mutual and statefarm or some kind of commerical insurance is better? 

There are so many choices out there that you need to make, and you have to look at what you really trying to do with it, which is asset protection for your personal assets most likely.

Is there a way to implement a RUBS system of some sort for a smaller property like a triplex?

I will seek lenders that might be interested in a property like this.

just like your retirement account - you buy 5 houses in a great area and don't look at them for years.