Buy and Hold (occupied)    most common policy for that situation is a Dwelling Fire policy (some companies call    them a Landlord policy)  In terms of how the value of the coverage there will be on the building, the main two types areL:1.

Potentially Higher Profits : New homes can often command higher prices, especially if built in desirable locations.In Charlotte, new construction is booming in areas like South End and Ballantyne, while Louisville has growing interest in neighborhoods like Norton Commons.

For example, not a beach town obviously, but there is Indio, where STRs are very common and if you look hard you may be able to find a deal that could make sense in this market..

Like you said, a real estate attorney would be a valuable person to talk to, but here's what I have: Considerations: short/long-term rentals, co-ownershipTo keep your favorable mortgage rate, you can consider a Joint Tenancy or Tenancy in Common agreement without refinancing.

Do you mean Tenants in Common when you say TIC?

A common area will need to be cleared as the other ADU will be build.  

The reason it is this way is the TRUSTEE's power of sale in the deed of trust.. its not  a MORTGAGE like what is common on the East coast...

The house is a high ranch single-family home with three bedrooms, a bathroom, living room, and dining room on the first floor, and a finished basement that has a full bathroom, bedroom, and common area.

Ray, the strategy you're describing is commonly known as "seller financing" or "owner financing."

On top of the 'commonly used' investor filters like 2+ years back taxes, recently inherited, etc- I loved some additional possible/ unique filters like number of structures on a parcel, min/max land sq ft, initial purchase price, and ability to narrow down to very specific areas on a map.