New to Kodi

Can someone please answer a question.

I am interested in setting up Kodi and cutting the cable cord. I seem to be reading conflicting information. On the kodi website it mentions live tv is included but on the forum I seem to be reading the opposite. I do not want to get involved in illegal add-ons. I am just trying to figure out what I would actually need to set things up. I would like to have abc,cbs,nbc,fox live if possible along with the other things offered by Kodi. I was thinking of using the chromecast stick. Is this a good choice?
Thsnk you for any help you can provide.
Reagards,
Rich