Jerry,Depending on what the project is there are several options:- Renovation Builders Risk policy for the building & separate Liability- Vacant Dwelling policy endorsed to include the renovation- Homeowners or Dwelling Fire policy that will allow the renovationWhich option is best depends on the work to be done, duration, whether or not the building will be occupied, etc. 

Would love some feedback on a property I just put an offer on:$130000 price tagPutting 25% downTaxes are $1676Has an adjacent dwelling on it so the total gross rent income is $1450Property Manager is charging me 10%.

If you're looking for a house hack I would wait patiently for the right 2-4 unit that works well for you and your own individual needs or I would buy an older SFH with an accessory dwelling unit (or the opportunity to add your own or convert an unused structure on the property).

Here is the note from the appraiser, "The subject consists of 2 dwellings.

Otherwise get a vacant dwelling policy (there are many types of these).

Height of a detached accessory dwelling unit shall not exceed the height of the associated primary dwelling unit.

But once a friend told me about Bigger Pockets, I instantly became hooked.

However, I am not sure that if this space is converted, it would be considered an Accessory Dwelling Units (ADU), which the city prohibits. 

Slightly leaning towards single family dwelling but can be swayed with the right data.I've lived in Sarasota,FL and wasn't overly impressed by the market there and given my Australian heritage, I'm a little over the whole coastal/retirement villages for the snowbirds. 

So, before I address all of the points I read in this thread, can we agree on the following:- All properties in a given neighborhood will all have different market values,- The simplification of those values could be placed into the following three (3) categories;   * AS-IS (No deferred maintenance has been addressed AND curb-appeal is seriously lacking)   * Enhanced (all deferred maintenance has been addressed and some newer "creature comforts" installed)   * Optimal (highest priced, highest and best use dwelling in the neighborhood)If you agree to these simplified characterization, then the following might be agreeable: @Randy Thomason - [Good and Bad Wholesaler, Double Closings]There are good and bad wholesalers, just like there are good and bad real estate agents and brokers.