@James N Beliak I'm a Canadian living in Florida now, investing full-time down here. 

I’m from Cameron NY as the location thing wouldn’t allow me to put my town I live in for some reason.

I am still developing a strategy but I would like to rent out a place that me and my family would feel comfortable living in ourselves.For work, I am an AI analyst for the Army Corps of Engineers.

I told her the amount and he is an older man who lives off her social security check.

If I take tenants out would my commercial insurance and flood insurance go down since I will be living in the 2 bedroom upstairs.

Hey BP,I'm thinking about purchasing this deal as a live-in FLIP.

very interested topic, I live outside Philly, arv sounds about right. 

Single-Family Home with a Basement:Pros:Familiar single-family living with potential rental income.Can be a good starter home, quieter living if the basement is well-soundproofed.Potentially lower initial investment compared to a duplex (depending on renovations).Cons:Finding tenants might take longer, especially if the basement isn't a fully formed apartment.You'll be responsible for all maintenance and repairs for both units.Less separation between your living space and the rental unit.Multifamily Duplex:Pros:Clear separation between your living space and the rental unit.Potentially higher rental income with a full, separate unit.Faster tenant search as it's a more traditional rental format.Cons:Might be slightly more expensive upfront than a single-family home with a converted basement.Potential for noise complaints if the duplex isn't well-built.Dealing with potentially two sets of tenants (though vacancy rates are typically lower with duplexes).So, which one to buy first?

More Details. rental property 390k owedworth 490k located in MDpurchasing single family home in Macclenny Florida to live in. 

I am filling out the landlord identity registration form required in NJ, and I am not living in the same county as the property.