Most insurance agents can quote the coverage, and since its all federal government back insurance, its doubtful that the cost will vary at all (the agents all get the same fees for selling the policy). 

You would be exempt from the federal fair housing rules because it is a room within your personal dwelling space.

There are some great rebates and credits... and I'd love to talk to anyone who's pulled off applying for the federal credit with a rental as I heard there is a way to as a business? 

NON LIABILITY: Any improvements or repairs made by tenant(s) or someone Tenant(s) hires to do the work shall be done in a sfae manner that meets all federal state and local regulations.

You've got the federal government's opportunity zones out there, as mentioned above.

There were other reasons for me to walk...all involved me getting the return on time and money I require, but, and this should be stressed, it's a Federal program and could have been modified to your benefit since I examined it. 

@Aleksandar TanevHow is your wife's business organized for federal income tax purposes? 

This is not something I would take the advice of an internet forum on, you need to talk to a lawyer who knows your local laws, in addition to state & federal. 

The last time the Fed raised the Federal Funds rate, mortgage rates went down.

States, not the Federal Government, govern their own landlord-tenant laws (though there are federal statutes and Constitutional considerations like class-based discrimination to keep in mind).