We uses Several Carriers for the Builders Risk policies and depending on the project, decide which is the best for the client. 

Russell,Thanks for the reply- you are absolutely correct and I decided to go with an investment property loan instead of a secondary home loan.

Nonetheless, I'm going  to end up paying market price for the homes and it will take me some time (I presume 1-3 years) to get rents up to what they should be without losing all my tenants simultaneously.With that said, I was going to leave a larger down payment (roughly 45%) so I can squeeze more income out of these properties until rents can get raised, but I can't decide if that's the best move.

Realize that if the landlord decides to not renew your lease you are probably out of business. 

Not to mention, many of the best deals on the MLS hardly even cash flow.I decided to be creative and look at wholesale opportunities then try to convince them to accept my FHA financing.

He does nothing but get  a check each month.Buying an apartment building doesn't usually make sense with 2 million as not enough doors at that price to get passive.He could 1031 exchange into a DST or TIC but he gives up control of his hard earned money for retirement whereas if he exchanges into a property he owns 100% then he can decide what to do.You could also look at the owner finance with some down.

Decide for yourself if you really someone who knows they’re working for half price working for you.

I'm still recovering but I decided to get the judgements because they last a while, can be renewed, and earn interest (9% in Illinois).

Based on your comments and further discussion, we decided to move forward with supplying a new one but we will not be removing the appliance they brought in.

Let us know what you decide to do, I’m curious!