When you rent out your property it is always advisable to take tenant insurance so that you don't have to be worried if any damage occur.

Then I'd report the $2400 as CapEx and an expense.CapEx is NOT an operating expense since it's once every 10-year cost that you set aside reserves for.An operating expense is a regularly occurring expense that is predictable (taxes, insur, mgmt, maint).

Save but do no harm. 

With this, it has become even more apparent that particular frauds can occur more easily within real estate development, investment structured partnerships, construction, and other contractual services.

I also noticed a tree with roots that are butting up directly next to the foundation and siding of the house where I believe so far the water intrusion occurred.

The neighbor has left me messages and emails about how I will be responsible for any harm to come to her by my tenant and that she will sue me for any damages. 

You are correct, if an S-corp decides to distribute appreciated property to its shareholders, there will be a recognition of gain.Alternatively, in a partnership vehicle, this won't occur.

They have sufferred no loss, and no harm.

Also, that I don't understand how I could possibly break into that market without knowing if he'd be willing to manage a house and what I might expect to rent it for.Then it occurred to me that I don't really know a lot about what the job entails. 

But David, you bring up a good point about the appreciation spike occurring and while I am focusing on cash flow, appreciation is a very important thing especially if it can plummet in a short amount of time.