The 6 months of prepaid interest covers until the end of March, so I won't have to pay anything back. 

It is simply something that isn't covered.

If you buy right the cash flow could cover everything.

Deposits rarely cover the costs associated with turn over with this type of property management.

A place that was house hacked with at minimum, all expenses covered. 

@Terrence Williams they’ll want to see a net worth equal to the value of the building, 20-25% down money and anywhere between 6-9 months liquidity to cover rents if you were to lose all tenants.  

Putting maintenance free siding on the home may add some value, but it won't add enough to cover the cost of doing it.

If you own some rentals I think I know a lender that would cover 95%

I would think that you NEED to have enough insurance to cover the mortgage. 

and to understand how they fit together in your toolbox, as none will give you everything (e.g, insurance is required and it will cover you for many situations, but not always; asset protection (LLC) is litigation insurance and complements regular insurance, by minimizing the target and making it unappealing).If you are a new investor, probably you will not have a lot of assets and/or equity to worry about (but even that is relative and subjective to each person tolerance to risk) so I would not worry about that till you pass that risk threshold (in my opinion 100K+ in equity, maybe 50K if you are really risk adverse) and you should be primarily concerned with finding good deals and growing your business first.