By putting your P&C insurer on notice and having them chase the Renters policy, you will create a "ding" on your policy (as the claim would be filed against your Property policy). 

Hey Clay,I agree with both @Braden C.

However, after looking for multifamily properties in surrounding areas on listing websites (such as Zillow) I have found that any duplex I find is either a) nowhere near where I work (+1 hour commute time) b) seems to need A LOT of renovation work or c) is out of my price range that I can afford.

@Carleton C.

I want to house hack my first (investment) property, but i found out that most of the 2-4 units  multifamilies a) need big renovations b) are in not the good neighborhoods c) dont need renovations, are in Okay areas but are too expensive. so i was doing some research and found out that it is possible to withdraw my 401k in order to have a larger downpayment (FHA) to purchase a good multifamily that doesnt need renovations.

I know the absolute basics of the available structures and from my, admittedly, very basic understanding I would probably be best suited to investing through a LLC or perhaps a S or C Corporation.

The law dictates in most areas, that the squatter is entitled to everything they had while they paid rent, or when they were a week=end guest, before they decided to stay the last 2 months.This means, that if your A/C broke, you must get it running at your expense.

Specifically looking for multi-family units in b/c neighborhoods. 

I run my A/C at 68 degrees and enjoy it.

Hi @Joseph M'Mwirichia, I would have to say C other,  I invest in vacant land and the platform I use was created for that. :)