Or you can do just a smidge more and present a property people would actually want to live inside. 

I live in NJ and just don’t have the time anymore to give them the attention they need to succeed.

My partner and I currently live in Brooklyn in a 1bd 1ba condo that we would like to rent out for about $1500/mth to a family member.

Even if you buy something that needs slight renovations, you can do them while living there, and then in a year or 2, you can rent that one and have 2 units in your portfolio, and buy another primary residence to move into with 3.5-5% down.

Welcome to BP :) Would love to connect- lived in north Jersey for over a decade

I do a lot of Condo Associations and I'm having more and more trouble with having companies having to cover such a big property amount in say an acres or 2 of land mass.2. have no idea3. not sure about regulatory barriers because there have been plans done through employers or associations where they'll give a specific discount, let's say 5% overall to the employees they can write but that being said those clients typically don't live right next to each other, have the same age/style/value of home and they still have underwriting guidelines they have to go through that can generate rate or every deny the coverage.That help at all?

I opened a private window and checked my listing, and sure enough, the cover photo of my living room with an inset of the swimming pool was now a kitchen photo. 

We currently live in Franklin, TN.

They have the means to buy property as investments then they need to be much more knowledgeable of what they are doing compared to home buyers who dont live and breath RE.

I lived in a townhouse for a few years right between the line of Blacksburg and Christiansburg.