She had also reported the prior owner to the county for landlord violations.  

@Dan TrinhThere is a cash-basis of accounting and an accrual-basis of accounting.If you are a cash-basis taxpayer - you would normally deduct the full insurance payment in the year that the payment is made so long as amount paid for the insurance policy ends within the next year.Example - you can be eligible to pay and expense for an insurance policy that lasted one year.However, you may not be eligible to deduct a portion paid for an insurance policy if the policy lasted several years.In your case - if you paid for the $400 insurance policy in 2017 - it was a deduction on your 2017 tax return.if you paid for the $500 insurance policy in 2018 - it is a deduction on your 2018 return.If you paid $900 in 2017 - then you have a slightly sticky situation.

For example, I mentioned I wanted a 5 year commitment on buy and hold, but also contingencies should a partner "need" to get out of the deal prior to that. 

Since I'll be living in the building, I don't think a landlord/commercial policy would apply. 

Around here, Craigslist and Zillow and Facebook have generated enough interest to fill vacancies in a short time.Q&A On Tenant Screening:For Tenant, prior to scheduled showing: 1.What is your preferred move in date?

And they let you get the perfect replacement properties in place prior to executing the sale of your old property. 

I have home owners insurance and an umbrella policy and I see that Airbnb provides insurance as well.

You do have to have your qualified intermediary in place prior to the closing of the sale. 

You will want a landlord dwelling fire policy and an umbrella policy to increase your liability!

Hey All,I'm new to real estate investing and still trying to learn how to accurately estimate expenses prior to reaching out to a realtor.