In General : As a Single Family Dwelling you would need the Full HomeOwner's Policy as all is on you, looking perhaps at higher than normal Liability coverage due to the business nature and Specific Coverage on use as an "Income Property"!

However, this property is on a highly desirable historic street that is closer to the university, with naturally higher prices for all property types.

Hopefully that will keep you feeling warm & fuzzy the next time the price of natural gas spikes.

Let me see if I can help clear up some of the confusion.There are basically two types of insurance where real estate is concerned: mortgage and property insurance.Mortgage insurance is required when you put less than 20% down to get a loan.Property insurance covers you for natural disasters, injuries or accidents.

If that is in your nature then there is a place for you helping run HOAs.

Don't let a crappy person get the best of you so much that it ruins your attitude & co-op nature.

After some investigation, I have discovered a program that will lend property owners up to $25,000 at 0% over 7 years to convert to natural gas.

You will likely have to do some things you are not really comfortable with (evicting tenants during the holidays, evicting people with small children, etc) but that is the nature of the business.

I have excellent knowledge but putting it in a writers style that some do is not my thing as much and doesn't come as natural for me then being on the forums does.

Landlord may enter the Leased Premises without prior noted in the event of an emergency such as, but not limited to the following: Fire, flooding, frozen water lines, natural disaster, or if, in Landlord’s reasonable estimation, a hazard involving life, health or safety exists or if the Leased Premises appear to have been abandoned by Tenant.