Appreciation is no guarantee and the tax write-offs are not great compared to investment properties.However, a primary home is an essential part of life (no offense to my van-dwelling vagabond friends).

I think it's easier to retain worst case scenarios, and I think people respond to negatives more than they respond to positives- so it's easy to dwell on doomsday scenarios.

I realize it's your house and your choice- but it's my dwelling and my possessions at risk if they're not reputable. 

You are also finding out this is a people business, and people are messy.A dwelling unit is very much like a car.

This stipulation means that the only legitimate way to use one for an investment property is to live in a multi-unit dwelling .

The RIP will not apply in any multi dwelling zones so you may be able to do more in R5 with the RIP overlay than in R3.

As of the date of this Agreement,Landlord warrants that the dwelling’s sewage drains are in good working orderand that they will accept the normal household waste for which they weredesigned.

There are a couple of markets that will cover that under a Vacant Dwelling with renovation but I don't think they will do it with Replacement Cost (RC) on the existing structure.   

You generally get a landlord fire dwelling policy which protects your property against damage and all perils, enough coverage for my personal belongings inside the property (appliances and any other furnishings), and enough liability coverage based on how much personal assets you want to protect (I cover the total value of my personal assets using an umbrella policy and a landlord policy combined).

We did the same thing, but with rentals instead of our primary dwelling.