Some are saying that by adding me to the trust, we will have to pay the transfer tax (for my portion only) because I am not on title.

@Kevin Kim I initially post the ad about the unit and get prospective tenants to fill out my application prior to setting up showings.

Insurance has gone up quite a bit, property taxes and HOA fees as well.

In addition, each client receives an invoice outlining their coverage and monthly costs prior to charges running, which gives investors an opportunity to ensure their coverage is as expected each month.We are always willing to work with clients on coverage options to best fit their needs and budget.

@Kevin Drouillard most PMCs do not pursue collections after a tenant moves out.Check the eviction judgment to see if a money judgment was included.If not, you will need to pursue small claims judgment.Once you have a money judgment you can try to garnish (another court process) wages, bank accounts or state tax refunds.

The problem is that the insurance company is requiring utility bills from 3 months prior to me owning the property to prove the home was adequately heated.

I'm looking for local recommendations for an experienced real estate tax accountant/CPA.

We primarily focus on vacants, preforeclosures, tax liens, and pre-probate leads.  

The basic rule for the amount of cash to have at hand is 3 months of ALL expenses as if the rental was unoccupied and you had to pay all the utilities on top of the full Primary mortgage, Interest, Taxes, and Insurance (PITI).As well, it's pays to have a bit more because life happens.Good Luck!

Typically, to qualify for loans when contract or self employed, you need two years of tax returns for a typical loan.