I need to better understand all impacts each option has for a smaller operation.

The premiums didn’t make sense compared to the other options I found for the two properties I moved off this policy, nor did they align with the rates I have for other properties in my portfolio that are not on this policy.I’ve shopped this policy extensively across multiple companies and brokers.

We have funding options and could also run the project with our resources that we have in my area of Florida. 

Based on the fact that new construction is currently at a relatively low premium when compared to existing construction, I think this strategy might be a good option.

Quote from @William Weston: That would be an option but I have not seen multiple family homes that are big enough for a family of 5.

If funding is an issue, you do have some options.

You’ll want to check with local credit unions or smaller banks since they often have more flexible HELOC options.

They can sometimes be more open to funding niche investments like mobile home parks, especially when you’ve got proven cash flow and a solid plan.Another option could be talking to your uncle about seller financing.

However, some lenders may have guidelines on how soon you can move in, so it’s worth double-checking if they have any seasoning requirements before converting to owner-occupied status.Refinancing Options – If your goal is to eventually refinance into a conventional loan or an owner-occupied loan, be aware that most lenders require 12+ months of documented 1099 income for qualification.

Kitchen:Demo & Prep ($2,000):DIY cabinet removal, backsplash removal, and some demolition.Professional for disconnecting gas lines and major plumbing.Dumpster rental.Cabinets ($6,500):Option 1: Refacing existing cabinets.