EXAMPLE:  These are fictional numbers, as I don't know your market.Shared Residence: $600 EACH room = $3000 GROSS POTENTIALSingle Family:  $2300 GROSS POTENTIAL RENTDuPlex:  $1500 PER UNIT = $3000 GROSS POTENTIAL 

alot of Insurance company stop writing policy in long island NY. 

Many people don't make a profit, obviously odds of success get better with experience/good team, etc.consider until you have more time to commit to instead look at buying publicly traded equity REITs, not mortgage REITS, they are trickyget subscription to Seeking Alpha and follow Brad Thomas, Jussi Askola and many others research/writing to start withREITS have beaten the SP500 last 50 yrs, by a lot, 13% to 11% just in last 20 yrs too, and they have taken a temporary beating due to sudden rise in 10 yr rates and hence CAP rates, but their underlying rent roles have only gone up.

I wanted to say the same thing, but you were able to write it out best.No need to constantly compare.

This is what I would be looking to write off.

Can you write off the home and sewer inspections and appraisal costs for a rental property?

Hahaha... love your writing style. 

Writing that check for the down payment was absolutely frightening at the time.

Can a qualified real estate professional with a W-2 income above $150,000 be allowed to write off rental losses on my tax returns?

Or do they give you checks and you have to write yourself a check to then put into your account?