Question: all home expenses are paid by me personally.

Additionally, being in the first year of the rental, I'm not sure what the hit is going to be come tax season, with the rental income received minus the property's expense write-offs and any depreciation that can be claimed, other factors that I'll need to consider going forward as well. 

Because we live in such expensive areas, when a property appreciates the taxes rise with it. 

Tenant's General Responsibilities: Tenant, at Tenant's expense, must:pay any periodic, preventive, or additional extermination costs desired by Tenant, including treatment for bedbugs, unless otherwise required by law;"I would double check, but as long as you have been reasonably proactive to try and help with pest control, the tenant doesn't have the right to cancel the lease for pest issues. 

Other expenses?

Nonetheless, could you argue that it is a lead generation expense?

When that 0% interest rate period runs out, usually that cost of capital becomes VERY VERY expensive (15+ %)A more commonly used method would be to get a private loan on a note from a friend or family member.  

Not enough numbers to know.What will be your operating expenses?

You should arbitrarily think it's "cheap" because it came through a wholesaler or "expensive" because it came through a realtor.  

Business Owners Policies are much more expensive than residential property insurance.