Single Family Triplex Situation Help?

[Willem Nichols]

Hey Guys! I have verbally accepted an offer on a unique house. It is technically a single family home but built in a unique way to where 3 sections of the house have there own exterior entrance, kitchen, private bathroom/bedrooms. The sections have doors between each one that when locked, separates them from each other. There is just one electric meter for the house.

Additionally, it has a boat lift on a river that leads to the ocean, a 3 car garage, and extra land with RV connections already in place. It is also zoned R2 so potential to build another separate unit from what I understand. I intend to live in one section and rent out as much of everything else I can. What would be your strategy? All inclusive yearly leases, short term vacation leases, Airbnb (all normal in the area)? Are there any laws, insurance, or tax implications I should consider? I just want to make sure I won’t run into any surprises down the line. I am going to be getting a conventional loan with about 20% down. It’s about 700k so being considered a single family home, loan limitations prevent me from putting down much less. I appreciate all your help!