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The following covers the self-employment rules. https://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center

Is there an insurance company that covers damages done by a tenant?

At least just to keep your monthly expenses covered for that property.

Even if I have a potential tenant, I still have to do tenant screening and might not be a good tenant after all, and I end up without a tenant.Just want to know if anyone has any suggestion on how I can increase the showing for my rental SFH.

All rent for $900 per month and they cover all utilities.

@Stephanie Younger I am a national development director and have interviewed and screened literally hundreds of contractors for virtually any and all trades that you could possibly imagine.  

My business partner and I own a number of properties throughout the Hudson Valley, some of which we renovate and flip, some of which we're holding long term as rentals.I am looking to develop a relationship with a professional insurance agent that has access and familiarity with a number of surplus lines policies that can cover rental properties, as well as vacant properties and some occasional builder's risk.If you have interest and experience with this, and can handle 20-40 different new purchases a year, please reach out to me.Thanks!

My business partner and I own a number of properties throughout the Hudson Valley, some of which we renovate and flip, some of which we're holding long term as rentals.I am looking to develop a relationship with a professional insurance agent that has access and familiarity with a number of surplus lines policies that can cover rental properties, as well as vacant properties and some occasional builder's risk.If you have interest and experience with this, and can handle 20-40 different new purchases a year, please reach out to me.Thanks!

It's a traditional 401(k) plan covering a business owner with no employees, or that person and his or her spouse.