I wanted to cover a couple aspects and see if anyone can help tie up loose ends.

Over 27 years for example you are likely to need to cover over 75K+ in expenses, whereas at 5% of receipts and 3% rent growth rate starting at 900/mo you're only likely to reserve 20K....so your reserves should be closer to 20%.

If i don't pay anything for the audit defense, then I do not have a deduction.Furthermore, if the CPA made an error that resulted in additional tax and interest/penalties, then I would pay the extra tax but expect the CPA to cover the interest/penalties.

Which leads me to advice new landlords to self manage so you know the business, you learn how to screen tenants, learn how to screen for financially strong tenants who will stay many years.  

Property also includes a covered/RV hookup spot, a large metal shop building and a car port/garage next to the double wide. 

How do you screen the professionals you use?  

If you hire a contractor who is bonded and insured through a policy issued by a local insurance agency, what is covered?.....

Those are the loan types that cover multiple properties with one loan.  

Rent doesn't appear to cover expenses.

I have fair rental value coverage in my insurance policy, but I don't know if it will apply since the tree didn't fall on a covered structure.