I recognize that restarting the amortization schedule on my loan may cost me a lot of money (in interest) in the future.

AA+ Credit and very well Global recognized name.

You may not purchase one this year but if something does pop up this year or next year you will have positioned yourself with your finances, knowledge, and experience to recognize and capitalize on a good deal. 

Jon, Hilo does get a lot of rain, but when its sunny, like it is today, its hard to imagine a nicer town.I recognize Pololu Valley, from your avatar, with that little Island in the distance.

Each hard asset is depreciated to it's quick sale value basically and lenders might look at 50% to loan on.Duplication of efforts can't be measured very well unless you can show that a buyer has the same or greater skills than the seller and if that is the case, the value to that buyer will be less in most cases as they recognize several issues.1.

My concern is that if I switch insurance, my lender will recognize this as a commercial property and call the loan.

Eventually, I had my 'come to Jesus moment' and recognized that even if I 'won this battle', I would actually be 'starting a war'.I have no desire to be at war with anybody, and certainly not a neighbor.

Also also for anyone attending, let Bill or Allison know that you are a bigger pockets member and they will put a special tag on your badge so that we can recognize each other at the conference. 

They also work loonnng hours, are incredibly persistent, are astute networkers, and are ahead of the curve in spotting developing trends and recognizing exploitable situations.

And I am not Realogy, "...the world's largest franchisor of residential real estate brokerages with some of the most recognized brands in the real estate industry...