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

The LLC pays the full amount of $300,000.Umbrella insurance policy ($10,000 deductible/$1,000,000 coverage): The dwelling insurance picks up the liability max.

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

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....

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.

There are 4 reasons to require tenants to get renter's policies.1) Liability, if your tenant is legally responsible for anyone's financial loss (injury, slander, property damage, etc) AND they do not have means, YOU may be pursued as additionally liable. 2) Structure Coverage, your property improvements if damaged beyond wear and tear by your tenant may be covered by your tenant's liability coverage instead of your dwelling coverage.3) Contents Coverage, not all Landlord policies are the same in the provision of contents coverage for tenants.

With respect to single family dwellings (1-4 units) owner or non-owner occupied, HUD has jurisdiction over any state law.

STRATEGY THREE: ADDING ACCESSORY DWELLING UNITS (ADUs): ADU’s or granny flats, are a separate residence on the grounds of an existing home or apartment building.

I put and egress window in the basement finished nicely and added a wardrobe to the living room which had a door on it.

Not only covering the rental income in cases where the dwelling is uninhabitable but more so if the tenant defaults and stops paying rent and has to be evicted.