A "kiddie condo" is the concept of buying a residential property with "owner occupied" rate financing made possible by having an adult child living in it, if only while they're in college or single.

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.

You will need to also consider the amount it takes to buy rehab and sell.

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

Thanks for the replies. 

We have a duplex and the tile around the tub faucet got pushed sideways - upshot is the wallboard is missing behind so we need to tear down existing and either replace wallboard and retile or have a 3 piece smooth surround installed instead. 

There are many who preach this program but the reality is if you run the actual numbers I would argue that is NOT the case.

Purchase price: $55,000 Cash invested: $55,000 4 acres of land parcel in a village closer to the city.

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.