Currently I have a regular primary homeowner insurance policy on the house as it was our primary home for the past year.

I'm also assuming that you are looking to use these homes as a primary residence.

Nabby,Best way to first get into real estate is to buy your first primary home since the down payment can be zero to 3% down.

If your primary has a net $1M appreciation you’ll only pay $100k cap gains tax - that’s a lower alternative than what you propose.

For your existing primary, you will need to have it leased with the security deposit and first month's rent collected.

. :) I dont really use the high limits really except on my primary business card.

There are another 20-30 questions I could ask before I could even begin to advise.EDIT - It looks like in Aurora, it needs to be your primary residence if you want to STR the property.https://www.auroragov.org/resi...

I'm always conflicted with whether I should leverage my primary residence for the sake of investment properties.

I’m getting ready to apply to  HELOC on my primary.

Also, I payed my mom’s mortgage on her primary which I can rent here in San Diego which would help with the mortgage but I rather not use that in the calculations to avoid over leveraging myself.