The refi not only introduces into the income stream a particular cash flow at a particular time, but it necessarily affects post-refi cash flow amounts by changing what would have been the debt service and proceeds of sale if the IRR had not occurred.

The neighboring HOA park consistently flows water onto the lot in a steady stream about 6" inches deep.

Hi @Brett Kristensen, #1 - Since you want to quickly build a passive income stream, go with the 30 yr and use more leverage to scale faster. #2.

Now my investment property is expanding and I suppose to form LLC,and in last month I purchased the first investment property in the LLC name.Here is some details of the coverage, its dwelling- fire,extended,and liability in the same city with the other properties.What I can say is except premises liability,and vacant house, every thing else is almost the same coverage with the others.The new house is 3Bed/1Ba SFH. what wonders me is the insurance quote for the LLC Property that I got today,Guess what, the insurances quote that I received today  is $1968.70.Since its a business i was expecting a bit higher than other properties but as you see it is way higher than the others.I wounder if you went though like this and what do you think, is this quote normal for  LLC investment property insurance?.

Also try to buy a duplex/triplex/fourplex not a single family dwelling.

Hello I live in Ohio just starting out and was wondering is there any advantages of buying land over buying units already on the land either single-family or multi family units?

My goal is at least 6 revenue streams (as close to passive as possible) in the next seven years or so.

I'm new to Bigger Pockets and am interested in investing in rental properties in order to gain multiple streams of income. 

Financially it makes sense and with laws regarding this type of accessory dwelling being less restrictive now it really makes sense.  

Also, since you're looking to live in it (using a FHA loan dictates that) I don't believe a lender would look at the property solely as an income stream, as they will also evaluate your stability as a borrower, since you will be living there.This would be more of a house-hack play to lower your monthly housing cost, and get your feet into REI.Good luck and feel free to reach out for any further advice!