I don't think you are going to be able to get insurance for two separate living units in a single-family when they are both illegal and likely do not have the correct egress windows (basement) for fire safety which could subject you to huge liability if something happens to either party.

I can relate to where you’re coming from as I’m also new to real estate investing and actively working to build my knowledge and network.

We weren't willing to take that risk.My wife operated our first home and after a few months we found a really solid knowledgeable manager who took over operations while still working closely with my wife. 

Last thing, I would strongly consider consulting with a knowledgeable property manager or attorney once you have a copy of the current lease and all of the facts.

This is the best platform to further your knowledge of investing.

He's a wealth of knowledge and we don't gatekeep.

Thank you in advance for sharing your knowledge

I am still rather new in the investing world, but I know with enough base knowledge and liquid capital of course, I'd be willing to pursue it for sure. 

Coaching or mentorship in real estate investing can allow you to collapse time and "skip to the front of the line" by leveraging the experience and knowledge of those who have already achieved success in the industry.

The best part is the free CD is nothing more than a bunch of vague suggestions about how you can make all this money in real estate and vague bragging sessions about how he has been around so long and wants to give you all his knowledge before he croaks (paraphrased) Someday I will be completely immune to the crooks attempts at separating me from my hard earned money.