Active being fairly subjective, but if partners are signing on loans, brought in for decisions big or small, or have an overall hand in the management, they are active.Passive investors, as mentioned, becomes a syndication and there are many SEC filings and compliance items that need to be handled.

I found items that belongs to the tenants.

Thanks a lot for your kind explanation.When filing the tax return, should I add the same items of the two closing costs together?

@Fady Riad, assuming your numbers are accurate, and there are no hidden CapEx items, this should be a pretty good property.

What does interest payments and property taxes are tax deductible if you itemize mean?

Which inspection items do you all use as a STAPLE in a home renovation to bring in a specialist to do an inspection?

We screen the tenants thoroughly and address significant items quickly. 

Recording a deed, lease (over 3 years), an option agreement, or any other item that impacts ownership could potentially cause the loan to be called (currently rare, but possible). 

Do you happen to have any tips on calculating this two items?

I have been toying with the idea of buying one and adding it as an optional item to rent.