I carry 500k liability on each of my properties and also have a personal umbrella of 1m covering all my assets. 

You are in too tight of a spot, need more reserves, I would suggest you be ready to pay 6 months of full carrying costs as well as a few thousand for repairs, especially going into winter in NJ.Worst case the person doesn't pay, you have to evict them, and something breaks or they destroy the unit.

Tell us more about this venture I acquired an exploration and mining licence in Karamoja for gold through my AYA Mining company.

Arched doors in older homes weren't just for looks, they carried weight as well. 

Short answer: you probably have to claim it in 2015, but you can carry forward the net operating loss to apply against subsequent years. 

Just wondering, what types of insurance should I carry on the property?  

Carrie

An amazing forum full of information marketing gold for a new investor.

Commercial fastener supply companies carry all this.

Some contractors do not and will not want to take calls from end customers so the referalls you get are going to be to the higher priced contractors that carry heavy overhead.