If you do a 1031 exchange and purchase at least as much as you sell and use all of the proceeds in the purchase of replacement investment property you will declare non-recognition of any gain including depreciation recapture on your form 8824 filed with your next return.

Direct expenses can be deducted in full (such as advertising and tenant screening), while indirect expenses have to be split proportionally between personal and business use (such as utilities, insurance, etc.). 

Insurance paid claim.  

I work anywhere between 20-40 hrs. a week at an average of $12 an hour, with the only 'overhead' I have being car insurance.

insurance estimated to be around $25 a monthRepairs estimated at $100 an monthCap X I put at $200 a monthand I included property management just in case i decide to go that route at $170 a month.Zillow says the mortgage would be about $188 a month That would put a total of $1003 a month in expenses and 1200 a month in rentcash flow would be $197 a month if all the calculations make sense.total cash needed would be $11,880. 

Often times the mortgage insurance is lower, and it allows you to buy a more beat up property that might actually be a "good deal". 

Some good advice if I may is to have a really good insurance policy that covers rental loss, and 3-6 months of full expenses in each of your rentals bank account.

Insurance: you have $50/mo = $600/yr.  

We were able to sell that condo and purchase 3 SFR’s in KC, MO with the proceeds.

Insurance industry.