That's how the majority of homeowners "invest" in real estate. 

People are proud to live here, tenants and homeowners.

Are there additional primary residence requirements such as homeowners exemption required, or anyone know if this is coming down the line?

And of course, most homes have HOA's (homeowners associations) that can be $20-$250/month to pay for community maintenance, sometimes lawn care, cable/internet, amenity upkeep, pool, security etc. 

I got a $2M umbrella policy out of my homeowners policy. 

Obviously that’s different than a spec home though and we have opted to not want to deal with a home owner and bank during the build process at this point.Hope this helps some.

Is it possible to get a loans on a paid off investment property that does not have  homeowners insurance?

These agreements enable homeowners to access their equity without taking on additional debt.

In 2008 I was helping homeowners through the great financial crisis and there were lots of people taking advantage of homeowner's by asking for money upfront with foreclosures.Good Investing...

Keep in mind that when you are doing cold outreach (sms/cold calling) it's all about volume because you reaching out to a list of homeowners without knowing the real motivation so the conversion is less than 0.5%.