And yes, there is a risk that your rates would go up or they can drop you - but unfortunately, many insurers in that are may already be planning to exit the market or raise rates on everyone to make up for loses.One thing to note about a claim like this, insurance will usually pay for repairs to the damage caused by the problem, but not fixing the actual pipe that broke.

Otherwise you have to plan for worst possible results. 

I am currently in the market to purchase a tri-plex with the plan to live in one unit, make upgrades, and rent the other two out.

The plan was to buy a warehouse, lay down turf and hard courts and lease the space to local schools and leagues and host tournaments.

I would also weigh if you plan on staying in the home you are in now for a long time or move in the next 5 years.

If you can answer these types of questions you will know what is important as you game plan for the next 10 years.

Prioritize properties with rental potential, plan for reserves and tenant strategies, and stay patient as you network and learn.

This is who will approve or deny your plans when you apply for a permit.

Projected sale: 950-990k Replacement property budget: 990k - 1.1M Plan: rent out the replacement home until meeting the requirements, then move into it while renting out a portion of the home via short-term rental 

It would be good to talk to a lender to make a game plan and review your financials.