Jennifer,You have some pretty awesome long term goals, many of which are mine and I'm sorry to hear about your loss.

I know it covers any damage my condos may cause and protects the banks from any losses due to damage.

This is my 1st time with 1040 and rental.a) Is it possible to list the closing costs under any expense item - eg. commission.

So each quarter PM would get $62.50 if that unit had no loss of income.

I met a real estate agent somewhat early (well, about what would eventually amount to 300k in losses into my journey) who also did some rentals.

In what you have described the only issue I can see the underwriter asking about is the derogatory items from 2010.Relax and breath.

@Dave Foster is correct that single member LLC is a disregarded entity and all profit/loss is reported on your individual tax return, but a single member LLC can still has a separate tax ID #. 

If you're knocking it down and building up on the existing foundation, you may be grandfathered in on some items.

Do you think you can ask for the seller to repair those items as part of the negotiation process?

At 74 now, I have had an opportunity to experience the highs and the very lows of this business, the potential loss and the thrill of  achievement.