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

This means that your permanent residence is excluded (except if you are doing a house hack in which the part that is rented out is eligible for cost segregation).

House Hacking is a good route to get started. 

A PMC can get a bad reputation really fast and be forced to use only the WORST contractors that are unreliable hacks. 

A great way to get started if you currently have a W2 job is to buy a house hack like a duplex or a fourplex where you can move into one of the units and continue to rent/manage the other units.

Unless you are buying at a significant discount, or are hacking it, or have some other value added strategy or plan.

Your plan to house hack a multifamily property in Indianapolis is a great strategy to start building equity and learning the ropes with manageable risk.

Hello all,I just closed on my primary residence with an FHA loan so I am not able to house hack since I am obligated to live in the residence for a year.

If you have a chunk of money to get going I'd personally buy the biggest thing you can if you don't I think house hacking into a 4 plex is great. 

I don't know a single person who regrets starting out with a quad and house hacking.