Once you have this framework, you can go through the specific limits of coverage just like you would with any policy.Lastly, when you decide to move out, you will need to convert this to a traditional Landlord policy.  

I have personally been considering a HELOC vs a traditional mortgage on a free and clear property.

But will seek a traditional commercial lender.

A sfh would have expenses for lawn mowing, snow removal and then the major expenses like roof replacement etc, none of which I have to worry about. 

I did it for a couple of reasons 1) never did a condo 2) different market so I needed an underwriting appropriate for that market and not want to use underwriting from my traditional market.

One of those simple things that I wish I would have thought of.It has to be cheaper than the traditional surface tension guards since its really just a wide nylon sponge stuffed into the gutter.

The plumbing for 4 unit might cost $6,000-$8,000 for per unit cost of $1,500-$2,000.3) One siding/exterior to replace/maintain vs. 4 for SFHs4) Taxes for 4 SFHs combined will be less than taxes for 4 unit (at least in my area)5) One tangible asset to manage vs 4Benefits of investing in 4 SFHs1) Tenants responsible for all utilities2) Tenants responsible for lawn maintenance and snow removal3) Generally, tenants tend to stay longer in a SFH vs an apartment4) More exit options vs 4 unit.

I personally have belonged to churches that rented space in retail space and other commercial space, as well as traditional buildings.

Now if I go with traditional financing and run my numbers with a 20% down, I don't see making a decent cashflow (should be atleast around $200) per door?

Unfortunately, this has caused some hangups with traditional mortgage lenders since I have been 1099 for right at 1 year now (they seem to want two years).