This class includes any property that is a rental building or structure (including a mobile home) for which 80% or more of the gross rental income for the tax year is from dwelling units.

Also, do those who buy a property then build an adjacent dwelling need to consult an attorney before doing so to make sure the structure is legal?

You ended up with instant 70% equity versus 20% equity a buyer would have if they paid full price.Still your numbers on this property are not very good.

Granted, it's a lot cleaner deal if you go through them and, personally, I feel guilty buying an occupied dwelling at a tax sale, but still, plenty of folks do it, so I was just wondering. 

My contact at Zillow mentioned this a mainly a play to try to get Seller leads to zillow agents. 97%+ of the sellers that click the button to sell their home ended up not wanting to go through with the zillow instant offer....they then know that the owner wants to sell and send that lead to an advertiser to try to take the listing....

Right now, for one 4-plex, I have been quoted: Dwelling Coverage: $345,000 (no personal property coverage)Liability: $300,000Deductible: $1000Annual premium: $1038Is this enough coverage?  

The main takeaway I have gained after reflecting on last summer is that 1) chasing money alone will not work in this business, and 2) that it cannot be done alone, instantly just like that, just after reading a few books or taking an online course.  

You're buying the house for $225k, putting 0 into it, and it's instantly worth $275k?

My husband & I are in the beginning stages of purchasing and converting a SFH in SF to include an accessory dwelling unit. 

It is supported by the major banks and is an instant transfer and is free to use.