Replacement cost coverage will be more expensive, but some insurance companies will only do that and not offer you other options.I think more important than which policy is the quality of the insurance provider and whether they will pay you out or not, or how easy they will and not fight you.

The concern any broker will have on larger deals is do you have the capability (I.e. funds) to close.

They do OK handling the day-to-day, but I wouldn't trust them with either of my Airbnbs.I was very lucky to have gotten connected with an amazing, capable, ambitious young person for whom the Airbnb gig is perfect. 

@Kathy Argento no way of fighting it?

A normal fence is usually required to back a few inches from the property line, if you had it surveyed and know exactly where that line is, then build it the required distance back, usually it's about 4", so give them the 4". let them challenge you, that's why i said a fast mason, have the wall built then fight them legally if they challenge, at that point it will be up. you have the proof of the property line, let them get there own survey to fight you.

Not sure what capabilities you are looking for.

My guess is you are going to have a major fight on your hands and you should turn this over to your lawyer to prepare.As for the tennat...stop being concerned about ruffling feathers.

That (s) is significant because technically since you only used $210K on your first property, you still have about $470K VA capability that you could use on an additional property. 

I am looking for much stronger leverage capabilities and much larger lines of credit.

Because they will lose out on tax revenue, since you got the house for lower than it it is currently assessed at you can fight your taxes and get them lowered.