I have a total of $10k in closing costs - I believe as an investment property(in the name of my LLC) I can claim all these amounts and deductible over life of loan i.e 30 yrs so 10,000/30 = $333/year - Is that correct? 

Sometimes, I have to use industry standards for expenses, including market standards.

I put in mine specifically that tenants are not allowed to do repairs and deduct from the rent.I would state that going forward, any work should be done from your handyman / property manager.Any issues like GFCI's in the bathroom,safety issues, etc, no problem.Issues like changing out counter tops or a white refrig for a stainless one, I just say "property is as-is". 

Then you can increase the lot rent and increase the standards. - All existing homes, decks, and accessory structures must be painted an approved color- All trailers must have metal skirting- No broken glass, etc.You can probably visit other parks to research what rules they use to keep the park nice.

Here’s my coverages...Building 109,900Other Structures 10,990Lost Income 10990Liability 300,000Med Payment 1000Wind/Hail 1099Other deductible 1000What do y’all think? 

Both structures have to meet fha physical standards.  

You control the entity and can take the tax deductions, etc, without triggering a possible due on sale clause.Second, Mom will indeed become a tenant, so draw up a proper lease between the entity and Mom. 

With time being my biggest asset as a college student, I'm taking advantage of the surplus I get at home rather than juggling football and remaining in great academic standards that comes with College. 

It's also known as an acceleration clause and it's the standard since 1988.  

@James Heacock Here are the key things to look for in a turn key company and what to avoid.If you're going to go the turn key route, in general, the ones to avoid are the ones that: Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)Don't allow for your own independent property inspectionAre not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)Require you to pay for any renovation upfrontSell only in cheap. low end neighborhoodsDon't accurately represent the neighborhood/property classificationDon't have consistent rehab standards for all propertiesDon't provide a scope of work for the propertyCan't provide references of repeat investorsRequire you to close before a tenant is in place