Or you can create the policy donate it and should be able to get 2.5 times the value for tax purposes.

Strictly advice to move forward in these ventures.Your attitude may be the best thing about your ability going forward. 

Once I work with will even go to 90CLTV, but they lend on very strict asset classes.Another family office I work with lends debt based on SBLOC. 

I'd shop around that insurance policy as well.

But you want your policies to be fairly firm. 

I don't think you can purchase a policy for one tenant, but you can create a master policy for all your units.

It would cost less, initially, if a person kept it as four units and either rented the property out less of the time or not at all and kept it strictly as a vacation property.Any thoughts are appreciated

Policy is fine.

@David KanarekI see you just started posting here on the site 2 days ago and so far strictly the posts about Norada notes.  

I know the founder and know that they've set out to build a platform that takes the best features of sites like Furnished Finder and Airbnb and leaves out the clunkiness and annoying policies and practices.