I have the document we drew up, however, we did not have to use it.

Just wanted to add that FHA loans are fairly expensive these days and the mortgage insurance stays on there for the life of the loan.  

And require that installation of the washer/dryer is to be done by a licensed and insured professional, and that the tenant will be liable for any damages caused by faulty installation. 

Years ago I once was sued in a dispute by the insurance company, who was definitely in the wrong and they knew it (and so did my lawyer).

Expenses, insurance ect....once you have these numbers, you can estimate cap rate and NOI.  

I'm not sure how much you're financing, what property taxes are, insurance, etc.

you'll probably be better off to take the money that the insurance company offers you and then just selling the house/Raw land.

I'd recommend getting the proper E/O insurance (both for yourself and the Broker), as well as a good amount of General Liability insurance for yourself - but this ends up being peanuts compared to what you would spend if someone wanted to take you to Court over a minor trifle... and had the evidence to prove you weren't licensed to perform the duties of a PM.

HVAC is 5yrs old Plumbing is good unsure of the age.Purchase 88k Loan FHA 3.5% down bed/bath 2/1 each sideSide 1 is currently rented for $440 (below market) by $45 for the sizeSide 2 I will be living in with a roommate and room rent is $330 (median market for a room for the size)Side 2 COMPLETELY RENTED will be $675 (median for market)Owner pays near $180 for water a month and tenants pay the rest of the utilitieswith mortgage, insurance, taxes, fees, monthly payment to own the property is $611.87I am really just trying to cover all of my bases right now. 

There are all kinds of documents, checklists, templates, and how to's.