The only part that Property 1 pays on that loan is the escrow for property tax & insurance for Property 1.Thank you for your insight.You need to look at purchase price to determine cost basis, not how you financed the purchase.

How much is insurance of these properties?

Nat,Tenant has been unemployed since March and has been receiving unemployment insurance.

You can try and fight it but does not mean you will be successfulI would also be curious to see what your property insurance looks likeFor me this is just another example that home prices are gonna eventually have to soften as between taxes, insurance and Interest rates home affordability is very challenging

Second, the insurance is $1.5k which seems to be low as well. 

Many stockbrokers and insurance salesmen are not fiduciaries. 

Work with your commercial lender/insurer/lawyer/personal banker and see if they know of any interested parties.4. 

I'm unsure if I would use property management at this point, and there would be some insurance.  

Here are a few things that I like about the neighborhoods in Indy compared to other states: high rent-to-home-value ratio, consistent and gradual city development, relatively low property tax and insurance cost, affordable renovation service cost.

Several options you can explore to get the down payment capital: Solo401k; HELOC on personal residence or from equity of the SFR; Cash Value Life Insurance Policy; Business Credit; Private Lenders, to name a few.