purchase $172,500Closing cost $2300Repair cost = zero ( i will pwash) down payment $34,500.00P&i, insur, water/sewer, vac, capex, taxes  $1156mortgage= $138Rent $1500 

That means your insurance is going to pay for the damages and you’ll have a insurance claim on your records.

she was a little bit hostile when I asked her to provide renters insurance for her dogs and said she would not do it, although she apparently makes $400k a year - realllllyyyy??? 

Property tax and insurance - If I only owned the property for 2 months last year, do I only enter 2 months worth of tax/insurance as expenses? 

Thankfully,  we require our tenants to have renter's insurance and show us proof/sign an addendum with their lease.

If you have good insurance, the LLC doesn't really do much extra for you. 

If sweat equity is your goal than of course stick with that route but just remember you have to pay taxes insurance utilities and more for every additional day you hold your property.

E&o insurance, general business liability insurance, mls fees, electronic key fees, board association dues, print materials, website, facebook advertising, instagram advertising, direct mail, neighborhood events.

Are you planning to live in one of the units as a ‘house hack’ or it’s an investment property for you as this will greatly change your insurance rate as well as potentially your interest rate and standing on the FHA loan.

The two items I expensed are Fire insurance premiums and Fees for an appraisal required by a lender.