However, the City of Columbia only allows a max of 3 unrelated persons per dwelling unit.

Quote from @Mike Grudzien: Farmers Insurance has a rental insurance division called: Foremost.Could be worth checking out through a Farmer's agent Foremost is an insurance company based in Michigan that is owned by Farmers which itself is owned by Zurich.Foremost underwrites many types of insurance but dwelling insurance for long and short term rentals is one of their specialties.Many independent insurance agencies represent Foremost which is advantageous to working with a captive Farmers agent because we have options beyond Foremost and can shop the market on your behalf. 

The City of Reno is in the final stages of the Accessory Dwelling Unit (ADU) ordinance.

Financing is trickier because some lenders view it as mixed-use or non-conforming, especially if tax records list it weirdly (like SRO or “miscellaneous dwelling”).

Yes, switch from a homeowner's policy to a landlord (or "dwelling") policy before your tenants move in.

Due you diligence, especially with a dwelling policy (landlord ins) cus its expensive!

Buy my first house hacking investment property in 2026 (multi family, house + basement, or house + dwelling unit. 3.

I'd just do the straight line method - cost basis on the dwelling divided by 27.5 for a residential property. 

The absence of the tenant from the dwelling unit, without notice to the landlord for at least seven days, if rent for the dwelling unit is outstanding and unpaid for ten days and there is no reasonable evidence other than the presence of the tenant's personal property that the tenant is occupying the residence.2.

(A) For an accessory dwelling unit described in subparagraph (A) of paragraph (1) of subdivision (e), a local agency, special district, or water corporation shall not require the applicant to install a new or separate utility connection directly between the accessory dwelling unit and the utility or impose a related connection fee or capacity charge, unless the accessory dwelling unit was constructed with a new single-family dwelling. home."