I don't want a fire risk even if the insurance company will cover it.

Also, someone is sweating bullets right now if not already fired...https://www.cnn.com/2020/08/18/investing/citibank-sues-brigade-capital/index.html?

I have only had one claim on a rental property for a fire and they did not raise my premium.

This is not something you exclude because you know the borrower and have a 15-year relationship, any more than you’d exclude fire insurance because you know one another.

It would require drawing a plan for the existing structure (typically $2000-3000), sending it to plan check at the city (planning, building, and fire), potentially conducting an exploratory phase where walls are opened up for inspection with the city (typically no more than $1000-2000 for opening walls and repairing them), addressing anything in the structure that is not within compliance (cost will of course depend on what’s going on with your structure), and paying for any permits (typically $1000).

My wife and I had our third baby a few weeks ago and it's more or less lit a fire under me to start investing and growing my income.

One car detached garage for each unit however there is a fire hydrant in front of the house so limited on street parking.

The situation was a house that was significantly undervalued due to a fire that happened in the house. 

We lost over 1 month (maybe close to 2 months) firing our initial abatement contractor and hiring someone else (we did not handle the poor abatement contractor as quickly as we should have). 

I do not have an answer but for the expert that answers the first question.How do you insure against a catastrophic loss such a forest fire?