In a 3 BR it would be a no-brainer but not here. 

Just another reason to move to a no income tax state.

If you're buying for cash flow, have the money to put down on and do a great job furnishing a larger property AND you're in a market that is conducive to it, then it's a no brainer to go for the larger insurance placement strategy.

@Alfie Bartley, maybe I'm misunderstanding, but wouldn't an ARV of 55/60/65% be even better than 70% where it'd be a no brainer at that point? 

So an eviction 10 years ago would practically be ignored with an otherwise good record since, while an eviction 3 months ago is a no go.  

LOL... as you know that is a no no.

Homevestors was a no-brainer for me when comparing all of the options. 

If the rate is your concern you can either buy down the rate or make sure your loan officer matches you with a no prepay product and then you are only holding that rate for an additional 6 months while you wait to do a conventional refi. 

Of course, the prices are so low it seems like a no brainer.

If the answers to all those questions were a no, then the neighbor can come after you and the tenant.Hopefully the dog is not considered a dangerous breed or that will be another thing the neighbor can bring up since a landlord is suppose to ensure the tenants will not be a threat to the neighbors.