In order to keep the Umbrella affordable, the insurance companies will have required limits for the underlying policies.

I’m going to sit down and brainstorm some things soon, but I would really like my overall model to be multi-faceted.

The usual rule is to ask in the building department of whatever town you're considering buying in though as they'll be the definitive source of what's allowed and what's not.I'd recommend starting with a mortgage broker or bank loan officer to see what you and your husband can realistically afford as that might help you narrow down what areas you're interested in living or investing in.

If you can afford to move somewhere else, while also adding $3,000 per month to your income, then it seems like it makes sense to keep it.

Considering I travel for a living and I can only afford to do a single flip at a time starting out should I also employ bandit signs, check with probate offices and other strategies to find distressed properties as well?

Can it be repeated and if so, identify how you will do so for the second and more importantly for scale in future.Not sure how you are affording your student debt payments but I have always gone with the notion that if I use leverage and create debt, so long as the money I am getting can be invested in an asset that produces a higher return, I have created arbitrage and could then pay down that debt with said arbitrage.

@Jaron WallingLicense You will work harder than you’ve ever worked in your life if you want to be a full-time successful agent,You will have less free time than you have ever had if your actually going to work as an agent and make money, Cold calls, door knocks, family and friends most likely won’t trust you at first with no experience Following up with leads, managing your database, sending comps, houses, driving more than you have ever driven in your life 😉Investing:If you don’t own or have a place get a house hack started, then you can see how a rental kind of works, fixing toilets etc, switching lights out changing flooring, duplex is always ideal.Then after that is running or if you have the capital now run market rents on a apartment complex or whatever you can afford, see the down payment plus taxes- all of expenses if the property is cash flowing from market rents sure thing, just as easy as it sounds 😂😂😂Don’t forget vacancy’sAnd rinse and repeat tell you have enough residual income that your comfortable with and you will never have to work for the man again!

@Jose Lopez I actually picked Bakersfield because I could afford it lol. 

You need to show that you can afford both units if you lose your tenant or are between tenants.

We did make sure that we could afford worst case scenarios with our monthly income from our jobs.