Many lenders will take an initial look at the scheduled gross income versus the effective gross income and reduce the number based on estimated vacancy rates (which can be higher than actuals). 

That procedure will help you, hopefully, reduce expenses and increase your income by reviewing them regularly.  

Mitigation with foundation flood vents might also help reduce premiums along with fill or other solutions.

It will be reduced from a very cramped and cluttered 1 bedroom, 1 bath, kitchen and living area to a much more open and spacious one room studio with a full and enclosed bathroom.Why not just remove it and replace it with a new one you may ask?

If you're paying full price, perhaps they will reduce or let you not put anything down.  

But you can subscribe to other boards at a greatly reduced rate.

Using this type of flue reduces your clearance to combustibles to 2".If your equipment is oil fired then B-Vent is not an option so an alternative route has to be taken.

@Abdul Azeez I think what you'll find is that by having home, autos, etc. all under one policy will actually reduce rates on things like auto insurance so the umbrella policy (after discounts) won't be expensive as you think.  

Example from my last real AD.HOUSE FOR RENT3BR2BAmore infomore infoI WILL ONLY RESPOND IF YOU LEAVE A REAL PHONE NUMBER$50.00 non-refundable application feeTypical Qualifications: 600+ Credit Score| No judgements | No evictions| No criminal background | No smokers| No delinquencies |2 pay stubs| whateverElseIRequire ------------------2) I do this to help reduce the amount of callers that will not qualify.3) If you decide to screen over the phone I ask.

People will frequently rent as a means to reduce commuting time, distance and costs.Even if the rent might be the same as a PITI mortgage payment, some will STILL opt to rent to avoid maintenance and to have more amenities.