Farmers and other carriers need to re-rate for the new ownership as a new client.The management company contract isn't really relevant unless you signed something related to insurance as part of that.Any additional information? 

Lots of newbies that have come onto the scene in the last 3-4 years during an extreme bull market, who have never lived through a bear market.

To my knowledge though, I would need a 20% down payment in order to avoid having to live in the property.

The tenant moved out after living in the house for a decade.Per the request of the tenant, we performed an initial inspection.

Include a walk out basement with living space in basement.

I "flipped" the house I used to live in (and rent rooms out of), and currently run an Airbnb in my second house. 

Additionally, am I required to provide a copy of the ledger to substantiate these deductions?

To pass the exam I recommend you take "Real Estate Trainers" Live Crash course.

However, clearly these properties are quite different.Also, in case you didn't know, BP also has its own guide on this topic which could give you some additional ideas.

In addition consider other documents you will need to have on hand like Pet Addendums, Notice to Vacate, Lease Extensions, Lease Assignments, etc.