Hi Carlos,Within my 20 years of experience, one of my proudest wins recenlty was helping a client who couldn’t get approved for financing because their property had two ADUs (Accessory Dwelling Units).

The rule is based on if it's "within the primary dwelling unit" of the taxpayer or not. 

Loss of use applies when a covered loss/claim causes the dwelling to be uninhabitable. 

I feel like it's important to note that there's a section of tax law, Section 280A, that is specifically designed to prevent deducting expenses related to a personal dwelling.BTW, Section 280A is the chunk of tax law that creates the Augusta loophole, sets the rules for home offices, provides the formulas for deduction calculations for vacation properties.A generalization: If someone has a dwelling they use personally and also use for business, Section 280A basically limits the deductions to the actual true income received.P.S.

Your  property taxes will be higher since it won't be your primary residence and your INSURANCE will be much higher too, since your policy would be a dwelling policy and not home owner policy.

All residential zones now allow multifamily and townhouse residences by-right.Zoning District Consolidation: Former "Residence A-1, A-2, B, and C" districts have been reclassified under "Residence C-1," which permits multifamily housing.Increased Housing Density: The amendment removes minimum lot area requirements, minimum lot area per dwelling unit, and lot width restrictions, allowing for denser residential development.Reduced Yard Setback Requirements: The minimum required setbacks (front, side, and rear yards) for residential properties have been reduced, allowing for more buildable area on lots.Elimination of Parking Requirements: The amendment removes all minimum parking requirements, reducing the obligation for single-family homeowners to provide off-street parking.Subdivision Flexibility: The definition of "subdivided lot" has been updated, making it easier for homeowners to subdivide their land for townhouse or multifamily development.Height and Floor Area Ratio (FAR) Changes: Floor area ratio (FAR) limitations for residential properties have been removed, and height limits have been increased to permit:Up to four stories in Residence C-1 districts.Up to six stories for inclusionary housing projects on larger lots.Anyone who's familiar with Cambridge knows that this is one of the most prestigious, elite, expensive, restrictive areas in the whole state, and for zoning of this magnitude to be passed is truly historic.

Foremost specializes in non-owner occupied dwelling insurance along with watercraft and motorcycle insurance.It's hard to say if the $3800 is high considering we don't really know anything about the property other than you use it for MTR and STR and it might be in Nebraska.I doubt it's "high" because of short term rental usage specifically but there are fewer options for STR vs.

Rental space within your primary dwelling unit doesn't require a gain allocation. 

In the nine situations specified, lenders may not enforce due-on-sale provisions in real property loans “secured by a lien on residential real property containing less than five dwelling units, including a lien on the stock allocated to a dwelling unit in a cooperative housing corporation, or on a residential manufactured home.”The reason the act was passed was that with mortgage rates approached 20% in 1981 - 1982 certain state legislatures were passing bills that declared due on sale clauses invalid.  

Each carrier will evaluate the property and determine what the cost will be and that's why each carrier has a different premium for the property with generally 85-90% of the coverages being the same.If you feel the dwelling is low see if they have a guaranteed home replacement endorsement that can be added or 150-200% dwelling coverage to truly protect yourself in the event of a total loss.The market is going to be like this until 2025 most likely so the easiest thing to do is raise your deductible without sacrificing coverage.