It would be a live in rental.I would have one bedroom to myself with access to the common areas.

I sold an apartment building and as I lived in the building was always there when my realtor showed it to prospective buyers. 

Hi @Robert B Azimi,A home that has been registered through The Mills Act, can be rented out the same as any other property, and it can even increase rental revenue as there are people who really like the thought of living in a historic house.

This 16-acre mixed-use community bridges Downtown Gastonia and the historic Loray Mill District, creating a vibrant live/work/play corridor.⚾ Franklin Yards-Gastonia- A $26M, 5,000-seat multi-purpose sports and entertainment venue, with future plans for residential, retail, and office spaces.🍽 Food Hall-Gastonia-Gaston County’s first food hall is in the works!

I renovated the home while 3 of my friends lived with me and paid my mortgage.

I live about 20-25 minutes away in Bloomfield Township (Lake Geneva mailing address) and have a rental in Delavan. 

I live and invest here rentals, flips and STR's.

Convert the property you are living in now to your second rental, and buy a new home for yourself. 

Not the cheapest 25% or the most expensive 25% but I’m the middle, where people want to and can afford to live. 

For example, they won't need to cover your personal belongings (furniture, clothing, etc.) because you won't be living there.A landlord policy should cost about the same as a homeowner's policy; it just changes what is covered.