This takes a little more work, but it's the fairest and reduces the likelihood of tenants that squander utilities.If you choose #2 or #3, there are considerations:Start with an average.

I want to learn from experienced landlords here, how much deductible should we choose? 

We comfortably could use the cash flow but could probably survive if reduced by half but only as long as have our tenant at the primary residence.

So, they feel the victim can choose to handle it themselves.

That stuff I can hire out more in the future but I am choosing to put more of my maintenance budget in my pocket for now. 

I would encourage you to sit down with a couple of real estate salespersons and choose one based upon experience as well as knowledge of the area. 

You do run a "risk" of being outbid at REO sale and "losing" the property, but given that may happen, the "total debt" is your security as you may bid up to that amount where it makes sense, but you may also be able to cash out for a healthy profit at sale if you so choose.

For the bedrooms and bath, choose colors from the rug, and use them, you can't go wrong! 

Quote from @Jonathan Greene: Why did you choose Roofstock for a one-off investment property in the first place? 

Quote from @Nate Meeker: Great insight, I am personally choosing not to file these for clients, but am providing a free guide to help them.