For some reason, though, I can't find the edit button to change my title :(

With full coverage for flood, fire, quake, etc we are looking at about $60k premium per year because of the age and the area it is in, which completely throws off our numbers.  

Usually, I'm going to want to buy the property at a discount and I typically want to get the property in shape to rent at a premium so the real numbers will always be different but this is a quick and easy starting point for me. 

Sell when everyone's greedy, buy when there's blood in the streets.I stopped my real estate adventures for now, and currently selling premium in the stock market averaging about $3-5,000 a week in profits.

@Charles Kac   South Florida insurance premiums are significantly higher than comparable policies in Central or North Florida.

You are paying a premium for the labor/materials, but at the same time I don't know the square footage of the units that you are rehabbing for the next tenant.Also, you may want to look into the tenants that you are generating.  

Which incidentally can be a slight premium over what you would be able to get on the conventional market. 

(what you'd typically think of as "closing costs"), you also usually pre-pay for your first year of homeowners insurance plus an extra 3-4 months worth of premiums to fund your escrow account with your lender. 

Questions:-How much of a premium would you pay for controlling your investor relationships such that they can be used for future deals?  

I justified that it would be a "forever" home and the personal enjoyment of living there was worth paying the premium.