This person is a leach to me Bc I just fired them from a business of mine.

If the property is solely tenant occupied you will be looking for a Dwelling/Fire Policy (may be called a Landorrd policy or similar name) or a commercial policy such as a Businessowners or Package polciy.

Most policies (homeowners or dwelling/fire policies) that include RC contractually require you to rebuild in order to get the Replacement Cost.

I had to fire my last broker.

It turned out that she didn't want to meet me at 0700 to tour the property, so I fired her, toured the house the next morning at 0700 with an agent that didn't mind getting out of bed, and had the contract out by noon.  

So fired up and getting out there at 22! 

I am assuming, based on this post, that you are plugged into the FIRE community. 

You still want to buy the normal hazard coverages (fire, wind, hail, earthquake, or whatever natural disasters tend to occur in your area.)Another difference is that you probably don't need any loss-of-use coverage (i.e. hotel expenses if your house is damaged.)Most residential providers will have a policy that is tailored more towards rental homes in the way that I describe above.

This is a small project and should prove attractive to several banks if you are a qualified borrower.From a feasibility standpoint the first thing is to check with the city or county to determine what is required for all approvals including site plan and building permits, proffers, water/sewer tap fees, bonding requirements, inspections and CO process and time frame for all approvals.You mentioned utilities are in place but you need to need to check with the utility companies and get an idea of requirements to connect to the water, sewer, power, gas, cable, installation and connection requirements, tap fees, hookup charges, transformer location and relocation, power line and power pole relocation issues etc.Check to see if you have to install any manholes, fire hydrants, curb, gutter, sidewalks, street signs, street lighting any specific street design or access requirements,.Check DOT requirements for access, stop lights and permits, traffic studiesDWQ requirements for permits, permit fees, time framesThis is a broad overview of the process and your civil engineer can handle all of this but it's good for you to know exactly what's required.

There are good ones in Anaheim, Irvine, and Lake Forest.