I’m really at a loss of what to do?

The offerings vary, but generally it provides a landlord with $100,000 of coverage from their tenants (or tenants guests) accidents or negligence that causes a loss to your asset. 

@Sharlene Mulchandani, thank you for your recommendation, that would be a good way of mitigating potential “deserters” from the room mates and loss of rent payments

@Andy NathanIn my opinion , managing the repair and maintenance costs can mean the difference between being profitable long term versus breaking even or even having losses.

In general 1% is feasible here bug I wouldnt push it too far beyond that without expecting hidden expenses.  

Making time, would just reduce my abilities as a doc/dad/husband right now, and isn't feasible, but I hope it will be one day.So I'll need to be somewhat passive.

@Ahmed EliasBefore hiring anyone, I would first make an appointment with the planning department in the jurisdiction the property is in.I would make sure the planning department, building department, and zoning department will all sign off on your plan.Once this is done you will have a clear idea of what is going to be expected of you to get your place rebuilt and running.After this you can then plan and start speaking to engineers, general contractors and such.Doing this prior will be all for loss of the local government regulators say you can't do it.Just something for you to consider.

It's a policy of indemnity that will reimburse you for a covered loss if title is not as insured. 

Stay in the 35205 area but wanted opinions from an investor standpoint on how feasible it is to househack in the surrounding areas.

I didn't lock in my losses in the stock market.