These logs regularly end up in the Tax Court and are usually destroyed upon review.

As far as the insurance claims, I've had many. 

Not only do they not repay funds, they claim we owe them additional funding for renovations that never actually happen. 

Deductible: This is not a coverage but rather your portion of a claim.

Because they know you'll probably never make a claim, or your claim won't qualify. 

And of course we're in agreement on consulting a tax pro.

Not to mention the tax benefits it allows. 

We did that for about 3 years until Jeff informed me he'd fallen behind on property taxes, and all of his lenders called the loans due.

@Nicole GrazianoI recommend that you have a consultation with a real estate tax accountant regarding your taxes.Bigger Pockets is a great place to find a real estate tax accountant. 

Rents have been pretty close to what the housing authorities advertise, sometimes even a bit higher.Fort Wayne’s a solid spot with low taxes and good cash flow—definitely worth looking into.