...probably not - check your insurance policy and with your insurance agent. 

I thought that, at least I could deduct property taxes, Interest, PMI and Home owner's insurance.I am being told that, basically, we have to treat the entire rent check as taxable profit because of our income.

Hey Eva I checked that out.

Check it out - https://www.zillow.com/homedetails/621-Bacon-St-Durham-NC-27...

Online Banking and Mobile App Access: Efficient management of finances is crucial for real estate investors, who often need to make transactions or check their account balances while on the go.

Even though you're in TN, it's worth checking out. 

@Samuel Metcalf- Most HELOC lenders  only lend on primary homes ...the  few lenders that do HELOCS on  rentals will likely have a low  CLTV   ( and a high margin over prime  which will lead to a rate in double digits ) .. check  with the banks / credit union located close to the property  and  also maybe there will be some feedback on this thread  pointing towards lendign sources that might work 

Hi John, would recommend checking out comparable properties on Furnished Finder as @Joel Bongco said.

(I got it in the contract for 92K, 4 yrs rent to own later when closed i was suprised when i checked to find the value at 130K.) 

It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best!