I have been informed that I have 30 days to find a new policy or I will lose coverage.

As long as family is living in it and you are supplementing their rent just consider it a gift to them. 

That type of policy provides Liability coverage that takes over if the limits of your home, auto, or in this case dwelling/fire policy get exhausted. 

I obtained quotes for "builder's risk" coverage to cover the property while it is vacant and under rennovation.  

I would make sure the daycare operation will not impact your current coverage. 

A conventional lender will want to see that the property is cash flowing, probably with 1.2 DSCR (debt service coverage ratio) and an appraisal that shows you have about 20% equity (each lender will have different criteria).

He may be willing to reduce the price by RE agent costs that he would incur with a traditional sale but a bigger discount than that would basically be a gift.Someone that does not have the capital to purchase a SFR in San Diego I would think is unlikely to have the capital to supplement negative cash flow from owning the SFR. 

Additional variance(s) would be needed should the Owner wish to propose a building that exceeds 70% site coverage, which would be a building longer than 42’ in length.Construction DocumentsConstruction documentation will consist of drawings that are assembled for: local permitting, sub-contractor pricing, and construction directive.

Ask your Title Company what their policy is regarding coverage when Quit Claiming.

We had a gradual leak from a waterline under our floorboards in our primary residence.   Long story short, we will be displaced for 2-3 months during remediation and I have a usable rental that my tenants won’t need d...