There are deals out there that roughly fit your price point, but I'd love to talk with you more to dig deeper.

______My CPA did confirm over the phone that my general understanding is correct but I will be taking the advice and talking with a tax attorney and running the numbers in detail. 

Investment properties take a lot of capital and even that amazing "cash flow" that everyone talks about should really be put in reserves for vacancy and repairs anyway.Learn from your current experience with your first home. 

In the request for order of possession, where is lists the cost in this proceeding, can I add the current and future two months' rent, plus additional costs including court, mileage and hotel stays ect.

Sure, let’s talk.

You also have to explore the STR versus LTR in that area to see which may offer a great NOI.If you ever have any specific questions feel free to reach out I enjoy helping and talking REI.

Talk to a real estate attorney or financial advisor to find the best way to do this.Good luck!

Quote from @Kieran Dowling: There are too many forms, checklists, or letters to list here.

Talk soon!

Quote from @Susan McBride: You should talk to an attorney to ensure you have this set up correctly.