I'd be sure to update the lease that you have (even the non-smoking clauses -- make sure you specify things like 'cultivation, manufacturing, distribution or sale of marijuana' being prohibited anywhere in the dwelling). 

If the property is solely tenant occupied you will be looking for a Dwelling/Fire Policy (may be called a Landorrd policy or similar name) or a commercial policy such as a Businessowners or Package polciy.

Purchase agreement should say something like "subject to a 7 unit multi family dwelling."

DADU's - detached accessory dwelling units, corner lots, etc.) in specific neighborhoods that you can do to find STR's, build options or long term rentals.

All of his properties are single-family dwellings...would Apartments.com work for us?

It's very hard to find yield these days, so I think that's opened many people up to alternative streams.4) Buffer your estimates, pick clear milestones, always hit your targets and you will have the most loyal group of lenders imaginable.Thanks

I’m wanting to get into real estate for the passive income stream.

If the dwelling unit or premises are damaged or destroyed by fire or casualty to an extent that enjoyment of the dwelling unit is substantially impaired, the resident may:(1) Vacate the premises and notify the owner in writing within seven days thereafter of his intention to terminate the rental agreement, in which case the rental agreement terminates as of the date of vacating; or 29(2) If continued occupancy is lawful, vacate any part of the dwelling unit rendered unusable by the fire or casualty, in which case the resident’s liability for rent is reduced in proportion to the diminution in the fair rental value of the dwelling unit.B.

We also stream them live on facebook.

I see it as buying (small) income streams now that will only grow in time when I really need them.