This is exactly the question I'm asking, seems self insuring would be a good additional revenue stream and I'm ok with the loss of a cancellation as long as it's the minority. 

I think it's a good idea to budget for an additional 10% of expenses on top of your initial budget to account for additional unknowns during a rehab.That way it's baked into your numbers.

If it's a fix and flip SFR or Multi Family, then the DSCR won't ever work, so you'll be relying on the global cash flow of the investors to support the payment, in which case you have to have a good case for that via personal cash flow of the investors, liquidity and/or additional assets to pledge as an abundance of caution.To the question about the LLC's financials on a new entity, for real estate it's a non issue as the asset is what is generating the cash flow to pay back the loan not a new 'business' in the traditional sense.

I know some investors with high W2 incomes such as Physicians can benefit from the STR loophole.

Many factors go into pricing a new engagement, I have clients that are charged a few thousand up to a few hundred thousand.  1) Number of properties / types of properties (Commercial / multi family / short term / mixed use / triple net / TIC / etc...)2) Number of entities / type of entities / complexity of those entities (syndication/waterfall)3) Existence of trusts / nature of those trusts4) Number of state filings / which states (some states are way worse than others)5) quality of record keeping6) how difficult you are to deal with as a human being ;)7) how much additional consulting and planning services will be needed8) nature of your business9) when do you want it done by?

Additionally, consider partnering with a lender who can provide both financing and mentorship.

If the owner financing doesn't offer some benefit to you...then the "traditional" loan would be better to use. 

Average market pricing, $370,000/unit, is down 15% from a recent high of around $430,000/unit in 22Q1.Starting April 1, the market has had to face an additional headwind to transaction activity.

Additionally, if you have any recommendations for professionals I should consult regarding these decisions, please feel free to share.

Is there anything you've really wanted to find in homes that you don't see often that would increase your profit or reduce your expenses?