With some of the new properties they find they are getting great interest rate buydowns from builders. with equity of 1.2M you have many options on where to move. 

We also had the option of another type of policy that was even less expensive that would have required us to spend at least 1 night in the house and rent it at least 30 nights each year.

Starting with a smaller property or a few fix-and-flip projects can help you build equity, gain credibility with lenders, and better understand the process before scaling up.Securing funding for larger projects can be challenging without prior experience, but options like hard money loans might be worth exploring.

So I wouldn't hurry to jump into a program right away, but take time to learn your options and find one that fits the strategy/location you want to pursue.

I havent gotten an insurance for this and a week after close I consulted some insurance provider and he didnt offer me insurance options.

Kyle there are a ton of options here that you can compare.

I would focus on improving your credit and obtaining a more stable income so that conventional financing is an option. 

Staging your house well can help you attract more attention from buyers, which ultimately helps it sell faster and maybe for a higher price than an unstaged home (see visual):What Are My Staging Options?

@Jackson Pudlo Hey Jackson,I realize you posted this 6 days ago, but both options—SFH and Multi—are great.

The house will need a new fence soon, so I'll have to factor that into the scenario.I'm not sure which choice is the best option for me.