You will need to require renters liability insurance as well with the dogs listed yearly, and  a rabies shot each year.

have a solid idea of your market ie rents, types of tenants, property taxes, sewage and water rates, insurance rates, cap ex and maintenance expenses, good parts of town vs bad parts of town.

Some quick points:FHA is great for buying properties that have multiple units (up to 4) when you're going to live in one.You can do either a 203K renovation loan or regular FHA insured loan.FHA is not only for first time home buyers.  

They include loan payments, taxes, insurance, utilities, and any other costs that occur during the Rehab period and up until the property is fully rented.  

I have been offered the loan I would like but need to pay a sizable insurance sum.

I do, however, set up searches for my clients where they have Portal access and can set up searches that auto-email new listings in targeted areas. 

Insurance paid the first time & yet the city wouldn't address the ongoing sewer issues.

Quality insurance for the IRA is therefore a must. 

Maybe a typo or auto-correct?

So rather than be approved for a set loan amount, you are really approved for a set monthly payment that includes taxes, insurance, etc.