Also, any CPA recommendations and/or tips on keeping track of expenses/documents?

If the down payment is not your own personal funds, the contributor must document that repayment is not expected.

Put down 80k on the house to avoid mortgage insurance.

Just document the modification and get a signature.

You should be able to document that fortunate accident and had other things like written communication, the lease itself, your past practice etc all demonstrating that your intent was to hold.  

Go to your county clerks website and read through the foreclosure documents.

Pencil it out assuming 10% capex and 10% vacancy plus all of your normal expenses including taxes, insurance, general maintenance, utilities, water/sewer etc...On a tri if the income for the 2 covers all your expenses including mortgage and taxes and you can live in the 3rd then I would consider that to be a good deal.These deals exist in baltimore but you might have trouble finding something turnkey in a place you want to live so maybe check for something with some deferred maintenance that you can force some appreciation on.Good luck!

I have one rental in Louisiana and when we got flooded... the rental lease is not in effect anymore as the house is not live able.... it's a pain if u don't have insurance.... if ur renters are good for it.... at least ask them to take out their stuff in the curb... a lot of renters just here just left.... and landlords has to do all the hauling away of their thrash too...On the gentle note.... pls be cautious when talking with renters... pls be kind and understandable that they too lost a lot of their possessions aside from the fact that they might not have a house to rent as housing demand will be very high....

I don't mind the renewal dates being staggered because then one tenant is covering the mortgage, taxes, and insurance, at least.

I haven't shopped around for insurance for a few years now, but I noticed a significant increase in how much we pay for our Texas  rentals.What REPUTABLE (with good/excellent history of paying out in case of fire) insurers would you recommend?