Get a good insurance policy and be protected.Joe Gore

My question is not about protection at this time (I'm sure later down the line I will establish an LLC for increased liability protection as I expand my RE business but I will get an umbrella policy starting out).

Who ever does the work needs to have their workers compensation policy up to date and you should have a copy of that before any work starts along with copies of their up to date insurances.

But it's not anymore, so it would need to be under a landlord policy.

What I purchased was an Obamacare compliant policy not through the exchange with a private insurance company so I do not pay a tax penalty etc.

I currently work as a lender at a banking institution (cant say the name, company policy), and I'm also working on my undergrad in finance at SVSU.My goals here are to ultimately learn from more experienced investors and even connect with some locally.

The home insurance policies are more robust (especially for what you pay), you can get 30 year fixed loans due to the gov backing them up, etc. so it's nice to take advantage of all that as an investor.And then the other issue is that the more "triple net" the tenant is, the more that building behaves like a bond or annuity, as you're locked in with limited rate increases for a longer timeframe.

I would make sure that your other policies are competitive.

You will also have insurance (builders risk or at least empty house, these are both expensive policies that cover very little), utilities, RE taxes, and other carrying costs that will depend on the situation.  

You hit nail on the head - A LOT of buyers and investors are spreading out into formerly less-desirable neighborhoods for the cheaper prices, flip/rehab opportunities, and the less-stringent neighborhood association permitting policies (*ahem* anti-mansionization ordinance).In fact, LA Curbed.com recently did an article showing YoY increases in appreciation.