Often the value is much less than an original duplex or tri-plex etc...

@Jake Diab "great, qualified PM", is all in the eye of the beholder.Most quality PMCs won't let owners make the final say on applicants - because they have decades more experience than an owner like yourself.

The home owner’s covers a decent amount should there be a loss/injury its when there is a major injury/death where the policy coverage can be exhausted and the person comes after you and your assets to cover the rest based on awarded lawsuit.

Just unsure if it is wise to invest in smaller property in the long term when they are barely bigger than an apartment.Are there cons in the long run when buying smaller properties? 

Just unsure if it is wise to invest in smaller property in the long term when they are barely bigger than an apartment.Are there cons in the long run when buying smaller properties? 

It would be much easier than an AirBnB and lots of people get their start in rentals this way.

I'm very close to putting an offer on a 3 acre land and want to understand all the aspects related to construction I need to be aware of. i have build myself a exhaustive list of all that i need to consider which tell me i need the following people to work with - Civil Engineer, Architect, Development Project Manager, Construction Project Manager, Other consultants: noise, wind, signage, LEED, lighting, etc., Landscape Architect, General contractorUsually how would you go about the life cycle of the project.

I would say rather than an "investor friendly" agent, find one that actually has rentals or has house hacked themselves.

The policy should be a non-recognition policy (they still pay interest and dividends based on your cash value amount and don't recognize any loans you have out on the policy when making these), and a mutual company would (most likely) be best since the dividends won't be taxed, and can still be reinvested into the policy.As for the mutual funds - that's more along the lines of a variable product and there are more fees and risk than an indexed policy, plus it's difficult to consistently beat the index.  

@Shirlin YiuI think it would be wise to exhaust all options near your current location first.