Parts of this don't appear to apply to the OP as he is renting part of the dwelling and living there.

Is there a flat roof7. are there asbestos shinglesThe Year that the following were updated (either partially or fully) would be good to know:- Heating systems- Roof- Plumbing- electricalSome companies will not write properties with systems that have not been updated.If the property is solely tenant occupied you will be looking for a Dwelling/Fire Policy (may be called a Landlord policy or similar name) or a commercial policy such as a Businessowners or Package policy.Most dwelling/fire policies include or can have these coverages added:1.

Oh and if you want an alternative strategy, depending on what state you are in, look to ADU [Accessory Dwelling Units] Great strategy to add, build, repurpose existing and new SFR's and Multifamily into smaller portions of units, Then do the furnished rentals.

If you can prove your home had the accessory dwelling unit (ADU) prior to the 2001 adoption of the new UDC, you can be "grandfathered" in. 

You can always add additional dwelling units (DU) although this will be more costly w/ fees. 

Specifically, seller financers would be considered creditors under Regulation Z if they extend credit secured by a dwelling (other than high-cost mortgages subject to § 1026.32) six or more times in the preceding calendar year, or extend more than one high-cost mortgage in any 12-month period.

You'll need a lawyer to draw up the partnership agreement or whatever other relationship you settle on.Also, forget lot size unless you plan on adding an auxiliary dwelling unit (ADU).

. §141.0302 Accessory Dwelling Units and Junior Accessory Dwelling Units There's a couple other options that could have resulted in the same number, but the point is it isn't a secret or based on who you know at DSD, it's knowing the codes better than anyone else and knowing how to build one on another.

the dwelling number on the insurance is 387k.

I have found the small multifamily market to be over priced and when a good deal does pop up its gone instantly.