Exempt:"A property containing two separate dwelling units (excluding ADUs and junior ADUs) within a single structure in which one of the units was Owner occupied at the commencement and throughout the tenancy."

I spoke with my insurer and the way the current policy is structured (homeowners), it covers the two-unit as if one unit was rented and the other one was owner-occupied with full replacement cost on the dwelling (loan requirement), private structures, personal property, personal liability, medical payments to others and loss of use, replacement cost on contents (personal property loss), tenants relocation expense, back up of sewer, drain and sump pump coverage ($500 deductible, $5K limit)

In R4 SFR it would be considered a single family residence with an accessory dwelling unit that is not legally set up for rental property to 2 unrelated tenants.  

I do have internet at the rental.

Gerald,Many Personal Insurance Carriers will write the Landlord (aka Dwelling Fire policy) in the name of an LLC.  

@Stephon Paul I would recommend just performing an internet search for real estate investment meetings near you.

Corporate housing is interesting - usually higher rents, all inclusive (utilities usually included) and everything paid by a company for longer than normal rental terms. (1 I looked at in NM $1800/mo rent included everything - elec, gas, cable, internet - paid by a hospital for a doctor doing elective surgery for 15 to 18 months at a time plus laundry income.

You realize the Internet is full of fairy tales, right?

FIBI does bring in some serious and honest lenders you who will do what they say they will do and their are never any Snake Oil Salesmen hypes.Actually, you don't even need a FIBI group in your area because you can watch FIBI's entire group meetings on the internet. 

I understand how dividends work in a stock, but I'm having a hard time getting an answer, from the internet and books I've read, about pay outs to investors in RE.