IF that is the case full stop - yes you are paying for something called insurance but if you have a claim the company has the right to pretty much deny coverage for having the wrong type of policy.Landlord policies are higher cost but for a reason - there is a different and increased level of risk when the house is not owner occupied.Talk with your agent and get all the details sorted out. 

Level up and run some numbers--maybe a different market will reveal itself. 

This also creates quite a level of security for our clients, especially seeing Several builders in the BTR space go sideways over the last few months and we are currently trying to help several investors stuck in building projects that are only half built.  

They will give it to them and then convince them a 10k course will take them to the next level.

I have STR investors in Florida making 25% cash on cash returns, long term rental investors picking up properties directly off the MLS and cash flowing day 1 in various states, and house hackers completely removing their housing payment from the picture allowing them to save for for the next property.The beautiful thing about real estate is there are so many ways to succeed and a plethora of strategies depending on your comfort level and how active you want to be.

That will get you from zero to about 80% knowledge level.1.  

Once you have consistent, high levels of cash flow then consider the “company vehicle”.

Through my coaching, I help them leverage their skills, make meaningful connections, and create a roadmap to financial freedom, all with the support of a trusted network.When I guide new investors, I always emphasize that having the right relationships can be the difference between a good investment and a great one.

You get to take depreciation on an appreciating asset, you can even get tax credits for various projects and actions which depending the level your at equals a pay-day. 

Your main concern should be whether these bedrooms and bathrooms on the lower level are legal and have the proper egress require for fire code and livability.