If still 'yes' move to c. an ask what premium do you expect the seller to give you (i.e: discount) to make it worth your while should summer comes and you find out that not only you have 10,000's of non-paying residents in the house but that those are literally eating into your equity...Get expert advice on this from people who specialize in termites - both on risk, damage, feasibility of containment and cost of repairs. 

You buy and pay the premiums without needing the coverage for many years.

The ones you see online for 30 yr fixed usually have a significant rate premium over a shorter fixed period, so unless your deal is a couple million plus you’re likely looking at doing in your own name on residential side or a commercial note with a 20-30 yr amortization with a 5-10 year fixed term.

The MPI isn't so frightening to me because at least that eventually goes away, while the FHA will carry an insurance premium for the life of the loan, right? 

The newest bill got a heavy handed dose of edits, which is why it got passed.

@Sam Hecht  I use Landlord's Cash Flow Analyzer (Canadian edition). 

There are the basics: Kitchen- granite, stainless appliances, high end pots/pans, premium range.

The quarterly rate (had to choose qtrly, 3yr or 5 yr when we applied) was 3.9% so the small premium for certainty was worth it to us. 

I feel like I pay a premium to live in a pigsty.

I don't like the idea of paying a premium but at least I can target the ones that I am really interested in and win, I'll just have to pay for it.