My insurance provider has given me a warning that this will change my insurance from a standard dwelling/fire to a surplus line, specific to undergrad tenants. 

Is that standard practice to have to do this, or am I missing a trick or a different loan type similar to a HELOC? 

Is this standard? 

As a Stessa Pro member, I rely heavily on its features to manage my properties, and while sending over the tax package reports works well (since the Income Statement and Balance Sheet are standard for most accountants), my bigger challenge has been finding a real estate-savvy CPA who doesn’t charge more than my annual cash flow for their services!

I'm looking to reduce the sound between two levels of a townhome, as I rent them separately, but they were built with standard drywall on the ceiling.

If some funds are available, is the standard 25% down 30 yr fixed loan optimal or would you recommend different financing?

A standard Landlord/Apartment policy will not allow the building to be owner occupied, especially if the title is no your personal name.

Of course, there are always multiple ways to overcome any challenge, but this is how we have done it so far...My partner and I currently own and operate transitional living houses in a Midwest city, and it is definitely a different business than owning or managing standard rentals.  

Schedule a final inspection to ensure quality standards are met.Each of these sections would come with an estimated timeline, budget, and list of materials required, making it easy to track progress and expenses during the project.

You’ll want to check out the PA Code's Chapter 2800 for the standards around licensing, safety, and staffing requirements, and the Assisted Living Residence Regulatory Compliance Guide can provide extra insight.We actually have a local team here in Allentown that has worked on several of these conversions, so if you'd like some guidance or just want to chat through the process, feel free to reach out.