@Doug Gilmer $330 rents per door and $13K units usually work out as catastrophe if you are not a cash buyer with cash reserves for Reno’s.My guess is no lender will touch this.

In short, because they're adding in depreciation, your overall payout after a significant claim would likely be thousands less, and possibly tens of thousands less after a more catastrophic claim (wind/hail, tornado, hurricane, sizable fire, etc.).Always remember though, just because you have replacement cost in your policy that doesn't mean the carrier is going to pay you whatever it takes to completely rebuild the dwelling. 

There is the potential for it to go down if something catastrophic happens to the market.

I also have a $175,000 line of credit at the ready if something catastrophic happened.

I wouldn't suggest ever doing that again since that is catastrophic and very few marketing discussion points are even relevant with an ugly landscape. 

@Inna Piskorska, hopefully you have a 'catastrophe' clause that lets you out of the lease gracefully.  

I'm wondering if anyone out there has a good recommendation on a bare bones type of policy that essentially covers for catastrophic losses only.

I also have a $175,000 line of credit at the ready if something catastrophic happened.

My conviction is that having a tiny home on wheels is going to be much easier than one on a foundation. 1) you can move the tiny home on wheels 2) don't have to worry about any foundational issues 3) can easily sell tiny home in case of catastrophe.

If you make 100k a year and had some equity gains with 1031 and now buying a center with a big portion of your net worth buying the wrong one can be catastrophic and take a long time digging out of that hole to get back on track.I have been doing commercial real estate about 2 decades and have reviewed about 1 million properties.