I got a tenant two weeks after closing.

That could come close to covering expenses.

There is a ton of fix and flip going on in Brooklyn and I am trying to work my confidence towards that after my first project at a lower price point around 300K somewhere (CT seems like my only option). 

The higher the deductible the lower your overall premiumbut get quotes on all the deductibles you are interested in.

I was considering staying close to home.

A debt service loan would be a good option if your DTI is high, you want to close in an LLC, you're self-employed or have low income on paper, or you don't have a stable 2-year work history.

As soon as I close on it (next week), I'll list it on Zillow as well.I spoke to a lot of unqualified candidates, but I also spoke to some good ones, and I'd like for them to fill out an application.

The "land basis" cannot be depreciated, so your depreciable portion will be lower than $350k.We typically consider $1 million in building basis as a rule of thumb where it makes sense to evaluate the potential benefits.

I am currently under contract with a wholesale deal that was to close on Monday.

Account Closed It will only show on your credit report if the person who is holding the notes goes to a servicing company so it is recorded.