@Eric Lee Nation    I did ins claims in another life for 14 years - I do not recommend that EVER as someone's employment but I did learn a few things.Here's 2 things agents or no one will tell you -- your Replacement value (RV) on the house is JUICED up way higher than what's realistic -- however you have a relatively inexpensive house so it's not much of an issue - but typically the reason they juice the RV is to get your wind/hail deductible higher -- typically 1%, 2%, 3%, 5% of RV is what your wind/hail deductible will be even if you had a $1k or whatever other deductible they offer for any other peril -- so follow me for a minute - you bought a rental for $150k -- they've juiced the replacement cost to $250k the most likely loss in KS or the midwest in general is going to be wind/hail --- the math actuarial nerds do this so the casino or the ins company in this case has the upper hand -- do the math what a 2% or 3% deductible on a $250k house will be -- I have a commercial building insd for over a million -- the lowest wind/hail ded they will give me is 5% -- the only reason I have ins at this point is I'm required to -- the wind hail coverage is worthless to me with as high as the deductible is.Anyways with that out of the way - ask your agent if you have a 3% option - at that RCV cost they figured of $99k that wouldnt be much different than the $2500 all perils coverage you have now -- Also I'd wager as someone mentioned dropping the med payments to others coverage -- it probably wont make a bit of difference in your policy cost -- I could be wrong - but I'd guess $25-50 dollars a year -- your coverage is the price it is due to the perceived wind/hail risk the company is putting on KS.I'm with Big Red and have been for a # of years -- your price to insure that house is on par with what I get from them for that replacement cost -- though i think State Farms game is a bit different they really jack up the Replacement cost so I have higher wind/hail deductibles -- I'd make out good if the house burnt down or a tornado destroyed it - but for a hail claim there wouldnt be much there.

Taking the advice from Brandon turner he mentions you need to have your crystal clear criteria as this will narrow down and tune in what you should start looking for.My CCC would relate towards my goal of beginning my momentum train through house hacking1- primary residence, anywhere from single to four plex depending on if I have the capital to.2-It will be in the same city or nearby from where I currently work in Palmdale CA. 3- condition, not to sure to be honest if I get a fixer upper what repels me from this is not having to capital to fix it.

Now a couple of curveballs: I am the tenant (50% owner of the family business in the building), the owner is a distant relative, and he’s willing to talk about seller financing.

Good place to start and learn the business with relatively low risk assuming you do your due diligence and the numbers work.

We're in good relations and we have agreed to be business partners if it is worth holding.

I can relate directly on the physical labor part as used to do property development.

You can get a gift for a down payment but it must be from a  blood relative or "like" relative  and the you must explain the close relationship and why the "like" relative would give you a gift. a GIFT for downpayment is money given willingly to a buyer without repayment. 

I'm still relatively new to this as well (about 4 years in), but always seeking to provide value first before extracting it has been really beneficial to me.

The 750 hours requirement you are referring to is in relation to whether a taxpayer qualified for real estate professional status or not.

Surprisingly the repairs that came up as part of tenants complaints were not related to any of the things called out in the inspection report.