Level up and run some numbers--maybe a different market will reveal itself. 

IF that is the case full stop - yes you are paying for something called insurance but if you have a claim the company has the right to pretty much deny coverage for having the wrong type of policy.Landlord policies are higher cost but for a reason - there is a different and increased level of risk when the house is not owner occupied.Talk with your agent and get all the details sorted out. 

If this is for a residential 1-4 unit non owner occ / investment property I would compare a few different lenders.

I have about 4 doors here in Columbus, Ohio in Hungarian Village and Southern Orchards that are renting about $1375 a unit for 3 bed/1 baths.

I am renting two units (1 basement and 1 side unit) in my primary residence.

There would potentially be some weight issues with the 2nd+ floors of some shopping malls, depending on what the potential tenant wants to store in the upstairs unit. 

Purchased my 1st rental property last year in Cleveland, a 2unit MFH with 10beds between the 2 units. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Lately, the Northeast can be all over the place..one year you barely touch the shovel, the next year you’re drowning in snowdrifts.With four units, the liabilty is no joke.

No 1-4 Unit assets for this group though.