First, please read the rules at the bottom of every page.

What you are trying to cover with the umbrella policy is the 'slip and falls', which can easily be a million dollars or more if you are found liable.

Contact the zoning department and see if you can get the property rezoned as a duplex.

Purchase price: $216,500 Cash invested: $12,750 single family home, purchased w/ the intent of $50-$100 cashflow monthly.

Thanks for the replies. 

Solid SFH house in the appreciating location with 10% off from the initial listing price.

I’ve always loved Asheville and would love to meet with local realtors or property managers who could sell me on investing in the area and help guide me to a smart purchase.  

That will influence drastically the LTV and interest you will be able to get. 

The biggest reason I would advocate for mixed use is for the reasons you mentioned, the leases are longer, but also the general "issues" around tenants on the residential side don't come into play as much or at all. 

Quote from @Bobby Paquette: Is anyone in the Abilene Texas Market?