Hey all we just closed on a property in Denton and I am looking into getting the process started on building out an additional dwelling unit.

I’ll be sure to ask other investors about how the process works with the historic board, luckily I know another investor in town who has dealt with them.Our plan may eventually be to cut up this building into multiple residential dwellings if the city allows.

I don't have experience with it, but I would imagine those policies would be a lot higher higher than a traditional dwelling policy. 

However I think moving of water from areas where there is abundance to areas where there is scarcity is something humans can tackle and create solutions for.  

It may be a bit more difficult to find a lender that will issue a HELOC on a non-owner occupied dwelling, but I'm sure you can find one.

What will you do when hope is lost and all we have left to remember our humanity is utter, black despair?

The main difference between the homeowners policy (HO3) and dwelling policy (DP) is the occupancy.

Commercial loan for 80% of value.Rent $1050/monthThe policy choices: Cost Policy A $726 annually Policy B $1,008 annually Coverage: dwelling $113,296 $352,300 Other Structures $2,000 $35,230 Personal Property $1,500 $3,000 Loss of Rents $22,659 $35,230 Landlord Liability $100,000 $500,000 Medical Payments $500 $5,000 Deductible $500 $1,000

Much less commonly used.Most Personal policies (Homeowners & Dwelling Fire) from the companies providing the best rate (on a per $1000 of coverage basis) will be written on Replacement Cost.

If he completely renovated it out, he would be selling a turnkey property (to a rental investor) or a dwelling home (to a retail buyer).