Holding costs are things like mortgage payments, taxes, utilities, insurance, HOA fees, and anything else that pops up while you own a home.

Some of my costs just to maintain, and these are just estimates as I dont want to look up the exact amountsMLS = $1,000E&O Insurance = $1,000Board Dues = $1,000Sentrilock = $300Showing Service = $300Continuing Education = $500Licensing Fees = $300

I can't confirm how much taxes you will owe (not a CPA, you should confirm this with a CPA) but you will be able to deduct prorated portion of all expenses on the property (mortgage interest, property taxes, insurance, property management fees, repairs, etc.) and then whatever is left will be taxed. 

You can require insurance as part of the rental but that won't cover the "emotional" value of things.

How many of each fast food, hotel, insurance agency, etc are nearby?

Get insurance asap now that you have the property.

  $30K in gross annual rents before taxes, insurance, maintenance and vacancy allowance on a $600K asset is probably going to net you less than 2% annual return. 

Hi - I have a couple of SFH in Tucson, AZ and am looking to shop for better rates for the home owner's rental insurance.

And of course since I was thinking real estate I screwed up and put commercial real estate adjuster instead of commercial insurance adjuster. 

A couple questions I brought up was how can we protect it for them loosing to insurance companies or medical (nursing home) with declining health?