For a 1-4 family rental dwelling, the most common policy companies use is the Dwelling/Fire policy.

There is a 50' railroad easement between my dwelling and the river although my property line extends to the normal water line of the river. 

Hi Brian, I've invested in 14 multifamily syndications in the past several years with many Sponsors/GPs and have found it rewarding to have geographical diversification and passive income streams.

Weekly Goals- [ ] Prospect new luxury home clients 3x per week- [ ] Make an offer on 1 investment property per week Monthly Goals- [ ] Read 2 books per month- [ ] Sell 4 homes per month Yearly Goals- [ ] Get a business tablet and computer by the end of the year - [ ] Lost 30 pounds- [ ] Sell one house per year priced over $1,000,000- [ ] Make $150,000 per year- [ ] Take a small get away with the family such as camping or a weekend vacation every 3 months - [ ] Take at least one big vacation a year - [ ] Flip 4 houses per year Long Term Goals- [ ] Become a Certified Luxury Home Marketing Specialist - [ ] Become Certified Military Relocation Professional - [ ] Become Certified Resort and Second Home Property Specialist - [ ] Own 10 rental properties cash flowing an average of $300 per month after expenses and reserves - [ ] Hire first employee for real estate agent business- [ ] Buy a franchise of an existing brokerage or open my own brokerage - [ ] Improve credit score- [ ] Pay off all credit card debt- [ ] Pay off car - [ ] Save 1 year of living expenses in emergency fund - [ ] Pay off house - [ ] Build 3 Streams of Income - [ ] Drive a Tesla Model S - [ ] Drive a diesel, 4wd Ford F250- [ ] Buy a boat - [ ] Buy a Rolex- [ ] Become a net worth millionaire - [ ] Become a cash millionaire - [ ] Build a custom home/farm in Georgia with enough land to start a hobby farm when I retire and hunt on the property - [ ] Donate at least $1000 per month to organizations we believe in

Wanting this to be a passive income stream and section 8 tenants cause a lot of problems typically.

is banking on the value increase over time and the $200-$400 a month income stream from one house. 

Late fees are an extra revenue stream.

Because they're including sales or some other income stream and getting a false picture of their business.My company looks healthy as a whole but that's because I'm paying myself less than I'm worth and I'm lumping sales in with management instead of looking at each income stream separately. 

Now that we finally have paychecks rolling in we are interested in real estate to maximize of investment potential to get out of debt sooner and develop a passive stream of income. 

Financial advising should help you network with people who have money, often underperforming (big plus for real estate network) so don't discount how you can leverage your current career to help with your real estate endeavors.Consider achieving passive income streams through wholesaling part time, under a mentor, or other investments so you can truly get out of the rat race.