Only about half would write the policy with a pool. 

A primary residence is where your mail is delivered, where you have utility bills in your name mailed to that address, where your driver's license says you live, where your w-2 and IRS etc. are filed.A second home is a part time owner occupant and is usually 100 miles away and in a resort area.Four units in another state while you own single family where wife lives is not owner occupied. 

It will probably take me another year and a half to save another 40K to do a deal.

.*** I have been browsing these forums and binge-watching YouTube and BP Podcasts for the last ~4-6 weeks and my wife and I are both on board to try our hand at real estate investing.I believe I have found a deal that works for us, but would love the opportunity to talk through it with someone who knows what they are talking about before pulling the trigger, because it seems like it is a bit outside nearly all of the examples I have seen other people describe as their first deals.The property has a house on two and a half acres that also comes with three rental cabins (they are currently being used as short term rental units).

Although we are a mile high, it snows just a half dozen times a year and then is 60 d the next day.

If I buy a home, it'll take me another year and a half to save to invest in a multi-family property, which is what I'm interested in.

If you will be living there (eg in half a duplex and renting the other half), you can do 3-5% down.Those factors aside, if the numbers work, you plan on holding on to it for a while and you don't get carried away in a bidding war, then go for it. 

We refinanced it about a month and a half ago into a conventional 30 year mortgage with the same interest rate.

It is fairly simple in half the cases.

I've had one tenant that it worked better to pay half the rent on the 1st and the other half on the 15th of each month.