The lease is what the lease is, if it says xyz that's typically what it is. 

Can I utilize this strategy if I rent out my current primary in Charlotte and move to Cincinnati to invest in real estate?

The deductible for any earthquake damage is typically 10-15% of the policy's insured value.

Im in the orlando market aswell and you have to get creative with it my latest purchase 2 weeks ago was a former single family utilized as a duplex and I am putting 2 new tenants in with signed leases already for $2,350 and $1,350 so $3,700 total monthly minus insurance tax and utilities I would bring in about $2,800 monthly for a property that costed me 195k 2 weeks ago.

There’s plenty of strategies to utilize in order to begin your real estate journey. 

Bonus depreciation and Section 179 allowances for improvements can be utilized, with the latter, however, capped at zero to prevent negative losses.

Also typically you are not the only one with eyes on this property.  10 other investors will too, so probably will not go for the minimum bid, but something much higher.What is the recourse in NM? 

Typically the houses we rehab are 20 - 50 years old.

Im not a lender, but as a real estate agent who specializes in investors, I've seen most of the loan options being utilized.

They typically expect 30-40% down and 10-15% in reserves depending on the risk factors of the property.