Within the next 2-3 years I plan on buying my first home. 

The only insurance any legitimate private lender will ask you to buy is a lender's title policy and fire/hazard insurance (or landlord insurance, or homeowner insurance, etc., as appropriate).

You do not need to have a ton of cash in fact you could buy a home with little to no money down.

If you choose to buy here, pay very close attention to zoning, and run your BRRRR numbers conservatively.

I have hate for no one.This is simply an observation or something that is important to understand when you are in this business- because when you go to turn certain units you may run into this big extra cost.

We're selling a duplex we own and plan on buying a house that also operates as a business.

Why are you buying a property not connected to city sewer already?

But the better answer is, don't buy a house if the only way you can cover the nut is to rent out a room.

That said, I buy in cash and then renovate appropriately for the area.

John Bianchi’s free course, which is about 30 hours long, is super helpful for anyone that’s trying to figure out what property to buy and how to design the property in a way that will allow it to be highly competitive in its market.