Insurance is now a big factor in the expenses of investment properties, even here in Reno, NV there are areas that have had large increases for single and multifamily properties.

There are certain things that require experience that DIYers just can't get right or spend way too much time trying to do.

Unless you qualify as a Real Estate Professional (which has strict requirements), your rental losses can only offset passive income.

if NJ is too expensive, go an hour or two out. 

So this requires some upfront planning. 

It’s good to budget for unforeseen expenses.Regarding PMI, it’s worth discussing directly with your loan servicer since many lenders require holding the property for a period or reaching specific equity thresholds before removal.If market rents are $2,200–$2,500, hiring a property manager could help you optimize rent while taking the burden of tenant screening off your plate.

In your opion #2, would that require you to rent a home in Seattle?

3) Remaining $5625 is reimbursed to me as home office expense.

I got an email today that the BOI requirement was on hold again since the fifth circuit reinstated the injunction today.

I can't name a single state that requires the disclosure of insurance claims.