Plus the upfront mortgage insurance premium and annual mortgage insurance premium can be pretty high compared to other conventional financing routes. 

Is there rotted wood underneath the floors and a lot more.

There is much less competition with other hosts for the bigger properties and as such you are able to charge a premium.

For example my next door neighbor gets a 10-20% premium because they are newer/nicer renovations/building and for having parking included.

Reason I ask is he's asking for what the current premium is on the properties before giving quotes; that question seems irrelevant. 

Then it would certainly be impossible to get coverage again, as I'm sure than that this higher premium carrier would drop me.

Also note that it will never be a fully passive investment, so the real question is are you willing to pay a 25% price premium to avoid handling the rehab?

In this area, that is high for an 1,147 Sqft, 2 bed, 2 bath that will need a PREMIUM facelift, as in the structure is still good but most everything will be replaced but the studs due to everything being outdated.

We (The David Greene Team) are in your neck of the woods. 

The list goes:___ One Story___ Two Story___ Minimum Number of Bedrooms ______ Minimum Number of Bathrooms ______ Jacuzzi Tub___ Separate Shower___ Half Bath___ Garage for ___ Cars___ Carport___ Great Room___ Formal Living Room___ Formal Dining Room___ Upgraded Kitchen Appliances___ Granite or Upgraded Kitchen Countertops___ Breakfast Nook___ Storage/Closet Space___ Basement___ Bonus Room/Playroom___ Fireplace___ Hardwood Floors___ Inside Laundry Room___ Covered Porch___ Outside Deck___ Brick Exterior___ Siding Exterior___ Wood Exterior ___ Stucco Exterior___ Hardie Board Exterior___ Swimming Pool___ Fenced Yard___ Large Yard___ Landscaped Yard___ Natural Gas (water heater, kitchen, fireplace)___ Septic Tank___ Sewer System___ Waterfront Property___ Golf Course Property___ Located in ________ school zone(s)___ Close to public transportation___ Located within ___ miles from work___ Located within ___ miles from ___________ Located in a homeowners' associationThe grading scale for those items is: A = Mandatory, B = Neutral, C = No Desire, D = Deal BreakerI need expert opinions on this, so I came here.