VRBO, however, does allow supplemental rental agreements.  

Purchase real estate properties to be used as buy and hold rental units as a way to supplement my retirement income".

Usually this is followed by something very generic like "If you have any quick tips for me, send them along" or "Geez, things are expensive here; is it possible to flip houses here"  or something else that they could quickly glean from the BP site if they just searched a little more.  

The intent with a women's investor gathering that @Lisa Kohl is holding here in Boise in our case is supplemental to our monthly Investor Group meetings and quarterly informal BP style meet ups. 

There are generic lease forms available online but I would stay away from them as the local/state ones have wording that addresses specific laws in your area and the local courts are familiar with them should you ever have any legal issues.

Finding a local REIA is a great way to supplement your learning along with the BP podcast and forums.

But I think the answer depends on your goals.Ive been reading "The Unofficial Guide To REI" which does a good job at explaining how to build a plan around your goals.The starting investment is only a part of the equation.Do you want passive income and retire early or just something to supplement your social security?

I understand that building non spec may have plenty of change orders as buyer changes his /her mind, but i still see it with lower priced generic spec builds...

Can you provide a generic example?

Currently looking to supplement my current activities with passive income from owning multi-family properties.