One piece of advice I would have would be to consider utilizing HELOCs against the property's value.

@Chris Seveney:I'm not talking about the SEC or regulators, I'm talking about LP litigation which is very common when deals go bad.

They were looking for proof that I am authorized to list the property for rent and I had to give a copy of the warranty deed or utility statement I think.

This is extremely common and called "business use of a home" for tax purposes.3.

If you ever look at your tax returns on those schedules they have an even smaller list of categories.When you have someone handling your books, you will be utilizing a bit more GL codes so you can have a better read on your financials on a month-to-month basis to see if you can make any changes.

We utilized the VA loan, so we paid all of the fees associated with that and then paid roughly $3500 for closing.

Presumably you inherit most situations figured out… utilities, who mows the lawn, etc.  

I believe if I get the upstairs unit (3 bed, 2 bath) ready, I should get around $2700 per month for it plus they would cover utilities.

I've utilized SEO Meets REI for my site and have seen a steady increase in leads/deals, since.

If you don't have it you can call your insurance company and ask them to email you the declarations pageRecent Mortgage Statement:2 Different Utility Bills: Gas, Electric, Cell Phone Bill, Cable, Garbage, any two utility bills.Copy of Mortgage Note all pages: Was included in your closing documents when you purchased the home.