I am now under the suspicion that their friend, the one who is still living at the property, is the one who created separate accounts for all three of them and did the signing for each individual who is under this lease agreement. 

Actual cost takes into account depreciation so complete destruction of a property could leave you under water in terms of the amount paid for the loss.

Yes, but your "highest and best use" is being an accountant to your clients, not handling the minutia of your RE portfolio!

I'm a second year accounting student in Ottawa ON and I have been looking into sales on assignment as a way to real way to get into the felid of real estate.

Per NJ law, must I include account number in the lease?

@Armell MayersBigger Pockets is a great place to find a real estate tax accountant.

Does the cost per sqft account for electric and plumbing? 

In most states all you need is a separate account in a bank in that state.

And if you do upgrade, you get an additional $50 in your wallet.To get access to these benefits, you will have to link your BP Pro account to your Invelo account.

-PatrickA high yield savings account has a number of advantages.