However, insurance is limited because it only protects you from one type of liability: accidents/negligence.

Liability risk management for me involves an "onion layered" approach.Layer 1: Know the law, follow the law.Layer 2: Respond promptly and professionally to legitimate repair requests.Layer 3: Properties held in Limited Liability CompanyLayer 4: Carry adequate liability insurance. 

Some people still have limited plans and your text could cost them money.

I believe the limit for an engineer is a 4-plex (could vary by state).3 - Since it will require an architect to seal that means they take all the liability, which mean they take the liability for someone elses design.

I would say keep an open mind and don't limit yourself to California. 

However be careful as there is a limit to the number of times a Lender can refile a foreclosure. 

So with North established google earth with lot lines and an over lay of TOPO this becomes even better.the other thing that would be cool if able would be to over lay the US forest services section land and ownership over lay.. right now I have to use the big map I get at the forestry department.. this is critical because so much forest land is checker boarded with state federal and BLM ..

Since you're only 16 with limited income and capital, traditional lending methods are out of the question to acquire property. 

@Allan Szlafrok There are actually limited detail o the house apart from the fact that it was built in 1910.

The answer depends on so many factors including but not limited to: age, risk tolerance, job type, job income, job stability, long-term goals, education, type of market you will invest in, current savings rate, cash reserves, etc, etc.