In retirement you want a consistent dependable income stream and security with regard to your housing. 

Invited them back, and the fire chief said it was like nothing he'd ever seen.Cat lady staying there hasn't paid rent in a long time, I have to double check how long because WV has a 10 year "squatters rights" thing (adverse dwelling or something?).

Then they get a steady stream of smaller payments (i.e.

Anything studs inward usually is covered by your personal homeowners policy/ or a landlord fire dwelling policy if you are renting.

Personally I would go with vacant property coverage due to the fact that you also get liability on that type of policy where as builders risk is purely just coverage for the dwelling and contents.

Good afternoon,I'm new to investing in the Dallas area and have great credit and want to buy, hold and rent property to create an income stream.

I interested in either owning or investing in multi-family dwellings in order to generate passive income...My goal is to retire in 7 years. 

From the sound of it he would be able to purchase the home with private funds for 90k then depending on the appraisal refinance out and pay the private lender and still own the property and have monthly income stream. 

Once you calculate your income stream then you  would want to account for immediate and long term capital expenditures and provide for them out of your income stream.

The reasons for joining a team are that there's built in lead gen such as open houses and Zillow leads that are given to you in a constant stream.