From the limited info I've gathered I think you are getting to lost in the numbers.

I recently picked up two books which are Brandon Turners rental property investing and little or no money down book, both have been great so far but i know this is just the beginning on my great real estate journey and i will need to obtain more knowledge. i have a question that i want to get off my chest and i have been itching to ask, for all my experienced investors and not so experienced investors if you where my age or if you are my age, the information that you know now and situations you have experienced what would YOU do if you where in my shoes to start off?

Please share the info on this.🙏 thanks 🙏

@Ronald Starusnak Ok I will send you the info this evening

Here's the general info on the situation. - Unit is a half duplex in a class A area and needs a lot of updates, but the rent should be close to 1% once done.

Please click on the links, give them a read, and share your thoughts in the comments.First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bpThe second is a post that will help get you focused with your real estate investing goals:https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciatedThe last one is a post that will help you choose an “investor friendly” real estate agent.

I went ahead and submitting info to get pre-qualified with him as well.My mindset was, I might as well talk to a number of lenders and get pre-qualified with a few of them at around the same time so all the credit pulls count as one.

Does anyone have any info on executing a 1032?

Or maybe it's because of the age of the property which is built in the 1920s, but many homes in my market are built during that era so I can't imagine the whole city paying these astronomical policy fees. 

Recommendations based on personal experience would be highly appreciated.Also, if you have additional info / best practices you would like to share regarding homeowners insurance that would be great.Thanks, Guy