Honestly,this doesn't look very attractive from a cash flow perspective giving the large downpayment.

Under contract in Michigan, home was planning to stay in my name and I was going to when needed get an umbrella policy in my name (primary residence in florida) of a few million for ithowever I am being told as I am out of state I cant get an umbrella policy on the home.Insurance people - advice and info please.

There are a million posts and responses on this, but my best advice, if you are single and looking to house hack, is to only look for uneven multis.

@Dustin McGuirk I just moved from Portland to Phoenix, and the Buckeye market here is attracting a ton of attention.

Under contract in Michigan,I was planning to keep home in my name and when needed (repairs are done and ready to rent) get an umbrella policy (primary residence in florida) of a few million for ithowever I am being told as I am out of state I cant get an umbrella policy on the home, and if I could would be limited to 1milInsurance people - advice and info please. 

Purchase + reno, I’d say looking into the 1.2 million-1.5 million range.The complicated part is that it is currently a 3/2 duplex, down to studs (will need a couple 100k in reno, close to new build).

As you will see LLC's come with a few downsides, especially when you are not in the million dollar range.

His clothing store chain of over 100 stores and his portfolio of 3 million plus square feet of commercial real estate matches his “no.”

Maybe you can attract some long term employed people (Hospital, Post Office, Grocery Store, Target, Dollar General, etc...)(???)

Those are usually red flags that mean it will be extremely difficult to attract new tenants, sell any homes, and raise rent.