But  I have the lanldords policy at 300k per occurrence and don't have the extension from the personal to the rentals (which you may want to have professionally examined to make sure that is the case).

As an extension to this question, should inflation in be included in any of these calculations?

We will keep you posted on the progress of the extension as the process moves forward."

The answer might be a bit extensive but if someone can explain it in a summary, I'd appreciate it. 

We DON'T do rooming houses EVER...thes folks all sign 6-month leases and go through an extensive background check...we don't care about credit as that's why the majority rent with us.  

If everything works out in my favor and they do go down, I might even end up making money off the deal if I rent the "efficiency".I know this is an extensive post for a possible basic question but as time is limited I wanted to make sure you experts have all the details of the situation and how I am thinking.If besides of my previous two questions you have any advice/warnings/questions/etc please feel free to let me know.

Disclaimer: I've only ever dealt extensively with houses that were a maximum of about 50 years old (built mid-1960s). 

I didn't spend and extensive amount of time with it.

We had a new roof installed and new gutters in 2012, replaced and repaired plumbing stacks/pipes that failed and have done extensive tuck pointing.

He has extensive experience in commercial loan originations, including his position as principal and mortgage broker for CHF Real Estate Corp., where he originated commercial mortgages across all asset classes.