I am looking to start investing in real estate to hopefully supplement my income from work so I can spend more time with my family.

I would check what your lenders requirements are for insurance just to make sure the coverage is correct.

My father owns a construction company in my hometown, so I have spent my fair share of summers swinging hammers and digging holes.I am employed as a full time engineer and I am looking towards real estate to supplement my income and build a more stable future for my fiancé and myself in this exciting stages of our lives. 

Ive gotten quotes ranging from $1200 to $15,000 (no joke) a year for the approximate same coverage from different companies.

Also, when you obtain your insurance it will be land lord insurance and your insurance company should  provide you with some liability coverage (300k?) 

I have an initial goal of attaining $3,000 per month ($36k annually) in income derived from real estate investments in order to supplement my full-time job.To kickstart this post, I thought I'd ask some questions to the community that I've been pondering over the course of my real estate education:First, market timing: I have the sense that the Dallas market has been on the upswing for the past several years, accelerating even more rapidly since the announcement of several major companies (including Toyota) moving to Plano.  

The listed price was currently for $200K, but we still wanted to get 10% bellow that.Since I am a newbie, I had to run my numbers with everything known, and finally I spent half the day getting quotes from the various types of insiurence coverages for what I'd need to rehab it, rent half of it, and live in the other half all while fully covered.

My goal is to purchase rental properties to supplement my current income.

Real estate investment is a great supplement to teaching, and if you love teaching, which I'm sure you do, the income that you receive from real estate investing can relieve you from the financial burdens that unfortunately those of us in the teaching profession now I have to endure.

Has anyone had luck finding a insurance provider that offer any type of coverage to help with the replacement cost of expensive items such as A/C units or boilers?