From Googling it sounds like that is a generic term for "this lender has extra rules they follow". 

So you need to carry extra insurance. 

Hi everyone,I've stumbled upon this deal that is not yet listed, consists of two converted buildings in a small town, 6 + 7 units on half an acre.

An extra unit would likely make it even less stressful on you over the long term and you can still use an FHA loan.

Consistently see 2% rent to purchase price, good margins on BRRRR, and fix/flip.  

Also, I’ve always used one major bank for all my real estate transactions because they’ve consistently had better rates than others but this was for primary/secondary homes – are there Banks out there that are known for lower rates for investment properties?

Apologies for the delay on my response; it took some extra time to lock down the guest speaker for next month, and knew I had an extra week to plan for it as there are 5 Tuesdays in April.Welcome to the forums and community @Randy Obezo!

You do not become rich on your first deal, so do not worry about an extra fee here or there for good representation, think about the long term and try to build up a network of great pro's that have your side.

I have been consistently researching and looking for deals but would feel more comfortable working with someone who is experienced rather than jumping in myself with no experience at all.

Let him know that the extra money is to offset inflation, wear and tear along with rising taxes.