I would start with the basics first.  1.

LTRs basically do not cash flow at current prices with conventional rates. 

I was actually on a team dispatched to investigate the Surfside Condo collapse until the clean up process basically rendered our investigation moot. 

Go into the new member introductions forum and watch for the same few people who say the same basic message every time someone new comes on the site.

If you stick to American name brand units that are basic - no fancy sensors, doodads or anything else - W/Ds are surprisingly durable, even with renters.

I personally like working with a broker because I know they are helping to vet the insurer and making sure that I am not missing key pieces of coverage.That said, from my understanding of the insurance markets basically different insurers like to spread their risk out across geography and asset class.

I am really intrested on real estate and getting hands on with basics required really excited and also nervous about this new journey but the goal is to be financially independent 

I wrote a long post about the basics of depreciation if you want to understand it better:https://www.biggerpockets.com/forums/51/topics/1121063-expla...2.

Focusing on the foundational basics and your operations is more important long term.   

They may ask for a basic LOE but that's if they are really nit picky.