With no prospects in Cincinnati for my studied profession (museum admin/exhibitions) I moved to San Diego for some resume building short term positions.

Liability insurance would come into play if you ever take possession of a property, but that would likely be limited to that specific property unless you are doing significant volume.

MOLD: You must take steps to limit the growth of mold in your apartment.

But, I'm not sure how Home Possible (which is a Freddie Mac program) may or may not limit your access to an FHA loan.

All real estate is local so what you read and study may not be correct in your area.

My husband is currently getting his realtor license and I am studying right along with him.

I've spent several months studying the 2008 financial crisis, the policies of the federal reserve, and what money actually is. 

Also, not sure how you define family but many cities have rules limiting the amount of unrelated people living in a single residence. 

@Marcus Rodger, I see every limited value in a lot fo books, especially about things like gearing and tax as the laws change frequently.In the NZ market the basic precepts are fairly simple.If you can afford to negatively gear safely and you have decide it is a safe enough strategy for you then pick the market with the highest likelihood of capital growth, which is generally, Auckland, Wellington and Hamilton, and start investing.There are markets where you can still buy cash positive in New Zealand but you need strong local knowledge and good boots on the ground to buy well in many of those smaller areas.

(Note: if the amount was below $150k, you would have some limited room to save on taxes, using losses from rentals.