I would advise that you speak with your accountant to discuss if a conversion is something that would be appropriate for you based on your financial situation. 

I assume it is same situation with the trailer.

The word on the BP street is that banks do not call in the loan in these situations.

Does anyone out there have any experience with this type of situation or any insurance agents that can comment on the necessity of such a policy?

Has anybody dealt with a similar situation and have some answers?

Toanalyze the situation, I need the the market value of the home (without doing anything)?

I've owned a rental home since 2007 that has produced zero cash flow, but I am getting ready to change this situation after reading several books on real estate investing.

HML traditionaly are for short term lending situations NOT buying rentals.. some have morphed into a rental product.a few others to consider.Visio LendinghomeLendingonethese are legit..who is not legit is usually one off people that advertise on facebook..and other places.. offer rates that are under industry averages.. then hook you for a small application fee that turns into scam money and you never hear from them again.unfortunately real estate is prime ground now for Nigerian prince scam type things.Couple reasons .. the Internet  the huge demand by those that have never bought real estate or a rental entering the market and have no real experience to understand the industry or what is real and not real.

Who wouldn't love this situation?

I don't think he was the type to try to create a situation.