As far as what coverages, I would start with looking up what the State requirements are to license the home.the State will usually have pretty stringent guidelines as to which coverages you have to have and what limits of insurance you need to carry.This makes it pretty easy to compare insurance quotes as the insurance agents and carriers all need to quote  the same minimums.

Usually the first dozen pages tell you all the ways you can lose your money.

Remember with househacking you usually have higher closing costs and reserve requirements so, you need the downpayment, plus reserves plus closing costs

Depending on what you're including I think the number usually quoted is closer to 50% but your mileage may vary.

There's usually a lot of problem properties so do your due diligence before making a deal.

I do realize it's usually a good idea, but would like input.

The offer usually has couple weeks for inspections etc.... so get it done first week.

Fact of the matter is it seems 90% are unoccupied at least in my area and the 10% that are occupied the sales usually get cancelled last minute.

One thing I like to do in abq is if I’m purchasing multi units in rougher parts of town make sure I’m getting a good deal on purchase price (usually my numbers are around 1.3-1.5% on the ‘2% rule’ if you’re familiar with that so I make sure I’m getting solid cash flow.

You made the right decision @Gorden LopesA turnkey property usually means a small punch list and not a new roof