The structure of the coverages / limits between a Homeowners and a Dwelling/Fire policy are very similar.

I'm 32, I currently hold 5 rental units (1 true duplex, 1 SFR zoned with multiple dwelling units that I currently house hack with wife and I living in smaller unit mortgage free, and 1 SFR) and flipped 1 SFR sold mid-COVID for a small profit. 

That's just one example, but you get the idea.Here is the basics of how it works: the carrier orders a dwelling evaluation, with overall photos of the house and any detached structures, including close-up photos of all hazards, liabilities and conditions, as well as the roof.

Per IRS instructions on how to depreciate property:"A dwelling unit is a house or apartment used to provide living accommodations in a building or structure.

If you buy multiple, inquire about a commercial policy covering the dwelling and recommend to tenant to carry a renters policy.

Word of caution they wont allow you to use the future income to qualify going in, but will allow you to get a partner or co-signer.https://www.denvergov.org/content/denvergov/en/denver-development-services/home-projects/building-expanding-a-home/detached-dwelling-carriage-house.htmlGood luck keep us posted

Assuming it is and you dont own more than the property is worth a standard dwelling fire policy/landlord policy would be fine if you insure for replacement value.

Hello everyone.

Me and my wife currently live in Metairie, LA and our property has a guest house detached from our home. The property is zoned R1A. Its current use is an office and photo studio for my wifes business....

The Nassau/Suffolk market is definitely unique in the sense that although there are great SFH options available, multifamily options to househack are not super common - unless you find something with an accessory dwelling unit (ADU) or at least can pull permits for ADU.

I'm always looking for multi-family units, or single family homes with the option to add a dwelling, or convert a structure into a second dwelling.