The best way to make an apples to apples comparison of Conv vs FHA on a deal is to price Conv with 1.75 discount points and then compare MI to PMI. 

Did 2 posts grouping properties by strategy to avoid spamming people with too many posts and for ease of comparison: https://www.biggerpockets.com/forums/88/topics/1248314-calc-...https://www.biggerpockets.com/forums/88/topics/1248317-calc-...

These additional coverages are the difference in the premium.Here is a more compete comparison of the 2 different policies.Feature / CoverageBuilder’s Risk PolicyVacant Building PolicyPurposeCovers property while under construction, renovation, or repair.Covers an existing building that is unoccupied or vacant.Construction Materials & Supplies✅ Covers building materials, fixtures, equipment, and supplies on-site (and sometimes in transit or temporarily off-site).❌ Usually does NOT cover building materials or supplies being installed or used.Soft Costs (optional)✅ Can cover financial losses such as interest, permits, architect/engineer fees, advertising, and legal expenses due to delays from a covered loss.❌ Not available — not designed for construction-related delays.Increased Cost of Construction✅ May cover additional costs if building codes change during the project.❌ Generally excluded.Scaffolding, Fences, Temporary Structures✅ Often included.❌ Usually excluded.Debris Removal after a Loss✅ Typically included to clean up construction debris from a covered loss.🚫 May have minimal or no coverage.Testing of Systems✅ Some policies include damage caused during testing (like HVAC or plumbing systems).❌ Not applicable.In-Transit Coverage✅ Can extend to materials while being transported to the site.❌ Does not apply.Installation Coverage✅ Covers materials as they are being installed into the building.❌ Not covered.

Appraisal - Yes, the current rule is that on your SUBJECT property, you need to have an executed lease with 2 months of payments...OR....a lease with a 1007 "rent comparison" report on your appraisal. 

There’s some posters that would make John Clark warm and fuzzy by comparison.

This one has a requested NFL draft comparison add-on.

In fact most of the park rangers that work here are reassigned to the West this time of year because of our (relatively) low risk in comparison to out West.

I’m baffled they chose to use single bedrooms for comparisons on two of their three comps. 

When building out your core 4, interview multiples of each to have comparisons, look at honest reviews, and get insight on people from local investor groups.

A simple sq ft comparison may not be a good comp.Land can take a long time to sell.