While the details of the incident are still murky- the police are doing their follow-up investigating- there is some initial possible weight to the tenant's use of a gun for self-defense.

I have done all my initial investigation, and number crunching with my realtor to conclude this is a deal to chase. 

However, in this process, I have become a phenomenal investigator. 

I figured $75 was a high estimate for Electricity to power the outdoor lights, flood lights covers and any other steady burning lights that are necessary for safety.As far as looking at other options for financing I have investigated the 203k and the 203k streamlined.

This was before computers to log these things.The check stubs got us unemployment funds, and started an investigation into this company that had done the same to others for many years!

There's probably a configuration where this would make the most sense, especially if you were to be really careful in your design and construction costs.I'm definitely gonna investigate this a bit more!

I guess one could go enjoy researching and investigating another 10 banks and credit unions to save $20, but c'mon. 1% (max) savings on $58k ain't worth this kinda time and effort here on the forums or the pain and suffering of shopping around much, IMO.

I don't know how long the subdividing process is or how much that would cost so I want to know if this is even worth investigating.

I have investigated both paths and have settled on the HELOC for now (for many of the same reasons you have outlined). 

Not sure what the definition of "affordable" is...I checked USAA out first and they have an offsite company that they work with for rental insurance that gave me the following quote: ...By the way the cost of my cabin was just under 334K.American Modern Property (off of USAA) 334K Rebuild value500K Liability1000 deductibleAnnual Premium=$962/year or $81/monthI didn't get into all the specifics about what it does and doesn't cover, so more investigation would need to be done.I then contacted Proper Insurance Proper Insurance  335K rebuild value25K personal property50K loss of rental income1 million liability1000 deductibleAnnual Premium=3239/year or $270/monthI then spoke with a Brightway/Foremost Insurance, which had been referred to me and who is local there in the Area.