I'd strongly recommend seeking out other purely passive accredited investors and focus on building real relationships.

Are there particular parts of the neighborhood that are recommended?

Are there websites you recommend for market analysis? 

Recommend requesting the seller’s existing ALTA Survey, building plans & floor plans, site map, seller’s prior Phase 1 & environmental reports (easy for them to ask lender for copy), full rent roll detail (including renovated/classic unit indications by unit, sqfts, building #’s, full detail), aged receivables report (will allow you to identify hidden delinquency / bad debt yet to be reflected in T12’s), general ledgers / capex ledgers back at least 3 years to ID major capital projects or damage that wasn’t disclosed initially.

Can you please recommend communities with low HOA fees and close to entertainment?

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I'm new to real estate investing, and I'm seeking to learn and start investing for income generation and wealth building.

I recommend you spend some time searching for advice in the forums or around the internet and learn how to manage roommates.

Before I purchase an insurance policy I wanted to seek some guidance on the best way to proceed.I received 1 quote so far for a HO3 policy that has 600k+ of dwelling coverage, 70k of additional structure, 450k personal property, 200k loss of use, 500k liability, and a few extras like equipment breakdown, water backup, service line.