another related question - is home insurance cost different between condos and single family?

Based on my credit, income, and a few documents I had to provide they were able to get me the money in 5 business days. 

You should ask the bank first if they can provide additional funding, but be prepared to explain what happened with documentation to support it. 

Your mortgage insurance is low also.

as contractors will be raking in the majority of your profits.Work slave job with W-2 documentation for 2 years to gain favor with banks.

Initial impressions are key, as well as great follow-through.)Your documents, rental agreement, and property rules (These need to comply with the laws of your jurisdiction, professionally presented, and be top notch to serve both you and your tenant well.)Good Luck!

Currently, We have our properties insured with REI (NRIEG).  

- Do you purchase federal Flood Insurance for your rentals? 

This would be items like mortgage interest, real estate taxes, home owners insurance, utilities etc.Pro-rating the expenses have to be done in some logical methodology.If the units are of equal size - they should likely be 50% allocated to the personal residence and 50% to the rental property.if they are not equal - you can pro-rate based on amount of rooms or square footage.

You may have something written in the loan documents about the minimum ratio (ie. debt service coverage ratio, times interest earned, etc) that you need to meet in order to comply with their terms, so make sure you have the line items in your financial reports needed to calculate them.