I just had my insurance provider call me and say that they accidentally quoted me on my policy for the year and its actually going to cost me an additional 330$.

That depends on the municipality and your level of risk tolerance.  

I would suggest a person who has a track record to lean on seek portfolio lending, in that instance it is up to their internal policy for such and even then a deviation can be requested and they meet, discuss, and let you know. 

You’ll owe even more if that $5k is supposed to include taxes and insurance. if your plan was to talk the seller from 50% down to 1% down and zero interest, good luck with that. 

@Etienne Manning do you mean zero ?

I've worked with agent recently and let them know I'm looking to purchase, they know my situation, know what I'm looking for, but they have sent zero properties my way whereas Im looking everyday.

It is a terrible policy....and further the policy is a violation of the Sherman Antitrust Act. 

That puts you at an 81.4% deal which is super, super tight and leaves almost zero room for error.

Carry a beefy liability insurance policy that names both you and your LLC as insured parties.Hope that helps. 

I do believe house hacking is the way to go with little money since you qualify for FHA but it all depends on your risk tolerance.