Below is a slide showing how your ROI diminishes as your equity goes up.Below are two slides that compare 3 scenarios:Max refi (often leads to negative cash flow)refi, but keep the DCR (Debt Coverage Ratio) to 125% (basically a metric that commercial lenders use to make sure the rental income and can pay for the property mortgage and expenses)1031 (or in your case, cash out) into multiple properties. 

I called the insurance company I currently use for renters and for my car to ask for a quote but when I told them that I would be renting out the 2 rooms in my own unit as well they said they would not be able to offer me any coverage and would not explain to me why.Does anybody know the reasoning for this?

I use APIA for coverage.

I've rented an area near Toronto, for my wife to open a coffee club. Along with the coffee shop, there is a space for customized gifts shopping. Customers can have customized stuff per order.Currently, we're working o...

The coverage is a little different because you do not need to typically insure personal property, but you will have loss of rents and liability as a landlord.   

What I don't know what to do is what coverages to ask for.   

Commercial loans have a minimum income requirement, called the Debt Service Coverage Ratio (DSCR).

I am reviewing our rental building insurance renewal and found an endorsement called Ordinance or Law Coverage.

Often, the vacant with renovation policies will have lesser coverage or more exclusions than a builder risk so you should carefully compare price and coverage to see what is better for your project.If you are having difficulty locating markets for the project PM me and I will send you a list of companies that we use in the area for both types of policies. 

Anyways to make a long story short our insurance is for vacant property and while I opted for vandalism coverage my deductable is $1000 so its not worth it for a $300 door and the range isnt covered at all.