Next, it's onto the How, When, Where's and What's, details.

IF that is the case full stop - yes you are paying for something called insurance but if you have a claim the company has the right to pretty much deny coverage for having the wrong type of policy.Landlord policies are higher cost but for a reason - there is a different and increased level of risk when the house is not owner occupied.Talk with your agent and get all the details sorted out. 

May I send you over the property details for your purview

Keep detailed records of payment dates and amounts and consult a tax professional to ensure this strategy aligns with your overall tax planning. 

Details here- https://www.biggerpockets.com/renewsblog/2014/01/04/leveraging-really-risky/. 

What's the details on the deal with firstwatch if you don't mind sharing. 

Here’s the situation (personal details removed):The tenant reached out explaining that they’re going through financial difficulties due to an ongoing divorce and lack of child support.

From my view, neither property type (with the right features) suffers from the same potential downside appraisal risk as converting SFR or duplex.  

I'm going to need a few more details.

My CPA provides his clients with a spreadsheet that includes tabs, detailed instructions, and videos on how to use it.