If you attempt to duplicate, step by step, what another player did, you'll lose because no game is identical to another game.You need to understand why real estate is unique, why it is valuable, how it is valued, why no two parcels are the same, what effects value that can be changed to profit from, why different regions have different market conditions, what the requirements must be to establish market value, how title effects value and how does title transfer, how government plays on real property requirements that effect value, and the list goes on.Yes, you'll learn terms, legal terms, like encroachment, easement, plat and survey, property descriptions, market value and what must be present to establish a market value, what a single family dwelling is (many here don't even know what that is, yet they try to deal in them), you'll learn what property rights are and how certain rights are conveyed, what may cloud title or encumber title, what a lien is and types of liens as well as their priority, what responsibilities there are with ownership.....and the list goes on.You really need to know what is and isn't legal or ethical in dealing in real property as opposed to personal property.

However another agent says the ADU is a separate dwelling, and that it is specifically not covered.  

The fact that you're not living in it is irrelevant, it's a non-owner occupied single family dwelling.

Hi @Sam Leon I've looked at quite a few properties with Mother in laws/accessory suite/Accessory dwelling unit whatever you want to call it.

If you trade up and acquire a more expensive property than the relinquished property, then the portion of the trade up value of the replacement property attributed to the dwelling structure is NEW BASIS and can be depreciated on a new 27.5 year depreciation schedule.  

I am seeking advice on a property that has a single family dwelling on property zoned for R5.

I am trying to add an accessory dwelling unit in San Francisco to a pre-rent control building and the city is requiring me to opt out of my Costa Hawkins rights in order to receive permission to build that extra unit.  

Since every company I've called so far will only do up to 300K on dwelling fire, that leaves me out in the cold.

A cooking appliance is necessary to meet the definition of a dwelling unit. 

I own an old single family house built in 1890 in an area that the city zoning allows for duplexes and multi-family dwellings.