Break out single family/condo; then 2 units then 3-4 units all have different rules. 1-2 units is far easier to get approved verses 3-4 which have extra conditions to ensure that the whole project cash flows with market rents minus the one owner occupied unit. 3-4 units you need much larger down payment - as in no 3.5% downSecond home programs are for one unit types: SFR/condo/townhouse.Owner occupied means you live there and your insurance policy matches.

In some properties where I live heat is included with rent and in others it is not.

You can always start on the lower end and increase your prices, but being realistic about your property and charging a competitive rate for the condition and location are the key to getting it rented it out, even if the goal is only to break even.

Obviously in the current RE environment with rates where they are, this would obviously reduce my mortgage payment per month vs if I put only 3.5% or 5% down, potentially me helping break even or even "cash flow" on the property once I move out after a year.

Reduced Risk:CityFHEPS tenants undergo a thorough screening process, which includes income verification and background checks.

The things I do to improve cash flow include:1.

In the current market structure, all parties including the lender expect the property to appraise for the sales price. 

You can bank the cash flow since there is no mortgage, take advantage of the tax breaks that come with rental property and keep your eye out for the next great property.

Not the same thing.Rules, one by one:1 - Doesn't make or break a deal. 

For those that had loss of use or ALE (alternative living expense) insurance, the insurance company was required to pay for your like-kind housing while you rebuild which includes furnishing the rental as well.