This isn't the path to instant riches-- it's slow and methodical, but it's working for me (two flips and one hold property over the last 1.5 years).It took a few weeks of work, but eventually I found two local Tampa banks (big banks pretty much just laughed) that offered me fantastic terms on a PLOC (one is 1% over Prime and the other is 2% over Prime). 

I happened to run across BP podcast by chance and instantly got hooked and have been listening to them non stop everyday when I drive to/from work.

I'm interested in investing in perhaps a multi-family dwelling in an effort to leave the renters world and also generate some income. 

You will want to require your tenants to get a renter's policy, which covers their stuff, but not the dwelling.

The back home is one big open room, no HVAC, but is has a kitchen and bathroom (so the lenders see it as a dwelling unit).  

But when I use the instant CMA tool the value is 133k.

The rents are well below market, but probably consistent with the quality of the dwelling. 

Here are some options below:1) Keep 5 geico personal landlord (fire-dwelling) policies, increase each to 500k. get State farm commercial umbrella for 1 million.

@Kevin KimIs there ever a wrong time to start investing in your future by having the right renter (you will check their back grounds thoroughly) help you pay off your mortgage while enjoying all the tax, HELOC and other benefits extended to multi unit dwelling owners? 

In general the insurer wants a recent survey to consider it for a deduction on your insurance.Do you have wind mitigation devices for the dwelling?