I am a complete rookie to the real estate scene, I am looking to house hack for my first residence out of college.

Again none of that is to discourage from house hacking just to say you should house hack because you want to own a home not necessarily because it’s a great investment because I’m not sure how much better it is than investing elsewhere with the market where it’s at today. 

@Tanner KingWhen I analyze a house hack deal, I focus on metrics like GRM, Cap Rate, Cash Flow, House Hack Savings, and Future Rent Potential.

House hacking is a great beginning step in investing.

@Tim Holt, Yes INDEED house hacking is the best option for most 1st time buyers.  

If I am house hacking then what should be the insurance.

It's going to be pretty dependent on the house to think about what you can expect.

Consider house hacking when rates and prices are a little more balanced with reality.

If the other two parties want to flip a house maybe they can do just that as partners and then sell you the house which you can buy with a primary home loan with low down payment.

Hi @Christopher Morris House Hacking is NJ is great way to go.