I am interested to know if the $3000 deduction is allowed on Schedule E assuming I can produce bank records to meet IRS Interest Tracing Rules.

Income producing property with 1K Net income a month Lessons learned?

Thanks again for all the replies.I went back through the contract and riders that have been produced thus far, and after speaking again with my attorney, it seems to be a case of the sellers attorney stating that they wont renegotiate based on the appraisal and we have to move forward with the sale despite the appraisal, and even if our mortgage is withdrawn because of the appraisal.

Do they already have other properties producing rental cash flows?

blindly sending mailers to a whole zipcode is going to produce sub-optimal results and cost a lot. 

But online lead sources produce at like 4%.

Split the solar array into 4 equal parts and Put meters on each unit and charge tenets by kWh produced by solar at or under current rates and for excess provided by the electric company at standard rate. 1b.

You want to know how much cash flow it will produce when you are no longer there. 

@Alexander Sheridan how much total rent are you producing from the 7 rentals?

Also, in doing your risk assessment, I would only consider a park with the utilities connected to the city (lagoons, septic systems are EXPENSIVE).