So far I have 1099, Advertising & Marketing, bank charges & Fees, Capital Expenses (for remodels) Car & Truck, Contractor, depreciation, donations, Employee benefits, insurance, interest paid, inventory assets, job supplies, legal &professional services, loans/points, meals & entertainment, office expenses, Rent & lease, repairs & maintenance, salaries & wages, taxes & licenses travel, utilities.

If you need any connections to contractors, insurance agents, title companies, appraisers, deals (off-market single families, duplexes, fully renovated turnkey properties, multifamily properties, buy and hold deals etc I have several deals that come across my desk each day), recourse and/or non-recourse lenders, my opinion on potential properties you are analyzing to buy etc I am more than happy to help you. 

From the seller, definitely get history, insurance, tax info, any planned special assessments, major repairs, any warranties (foundation, waterproofing, roofing, etc), a copy of all leases to review as part of a formal accepted offer, etc. 

Most investors here look to have the rent cover the mortgage and some.While the principal on the mortgage is not an expense, the interest, property taxes and insurance are deductible expenses.

Not an attorney or accountant, but based on what I know, save the paperwork and just get an umbrella insurance policy to protect your liability.  

Hi All,I recently lost my home in a fire and was able to sell and profit about $90k from everything with insurance money.

The problem with keeping the condo in my opinion is that you are losing money every month even with a perfect tenant so any vacancy periods or a tenant whom does not pay and take months to evict would be detrimental to you and is a huge risk.Also if you have not done so already I would get term insurance on yourself because your wife would not be able to afford your home if you were to die tomorrow.

When you started investing in real estate what did you do when you decided to quit your day job regarding health insurance, life, vision and dental? 

You'll get rid of the mortgage insurance.  

Now currently FHA mortgage insurance is MANDATORY.