Just ask for all the available coverage's on the policy and what thee additional premiums would be if elected.

Banks need some sort of Tax ID to open a bank account, in addition to other information.

The safe harbor applies to amounts paid during the tax year to acquire or produce what the regs call a “unit of property” (UOP), you must meet these requirements: (1) at the beginning of the tax year, the taxpayer has written accounting procedures treating as an expense for non-tax purposes amounts paid for property costing less than a specified dollar amount (which will be 2500 for you), or with an economic useful life of 12 months or less;.(2) the taxpayer treats the amount paid for the property as an expense on its books and records in accordance with its accounting procedures. ( do this on your bookkeeping software or whatever you utilize)(3) the amount paid for the UOP doesn't exceed $2,500. as substantiated by invoice.Note: The cost for the Unit of Property includes additional costs (for example, delivery fees, installation services, or similar costs) if these additional costs are included on the same invoice with the tangible property.Eg:A purchases 100 printers at $500 each for a total cost of $500,000 as indicated by the invoice.

Hi @Bryan Pham  I replied back to you with additional question about the same topic.

Maybe part time in order to generate additional capital to invest in buy and hold.

You are borrowing additional money from the bank with this property as collateral.

@Mark Allen thanks for adding that additional perspective. 

From an investment standpoint, the town of Telluride has put in a concerted effort to make it both a summer and winter destination with 2 world renowned film festivals in addition to bluegrass, jazz, blues and brews, wine and car lovers festivals filling up the summer calendar. 

So this means an additional $100 is due per month.

Taking on a tenant not only resets the clock but opens up the door to additional abuses and losses incurred by you.