DP3, DP2, DP1 type of policy - the quote provided is a DP3 policy which means it provides the broadest coverage when it comes to causes of loss.

If the money order is lost in the mail, the tenant will have to eat that loss and send another.

This was originally built as a rail car manufacturing and repair facility, so the base may be just enough to handle empty cars - Fully loaded cars could be an entirely different matter - If the base isn't sufficient for the weight, big problem.

I am going to have 2 properties that I am projecting losses on.

They dont even have a profit & loss or balance sheet available (for landlords).We upgraded to the highest paid level and it was the same.Please let me know if I am missing anything!

I am at a loss as for what to do.

Otherwise, you need a solid log and a lot of hours.If you pass this hurdle, you will need to generate enough allowable losses to offset your W2 income, which also comes with complications.

Assuming you showed a loss and need to convince them you really didn’t lose money?

You'd probably be able to get $1400 a month from lending that amount of capital, so that would cover the $500 per property loss, and then you would be up $400 a month total to your household budget. 

If your income is $80,000(and you are single), you likely can use up-to $25,000 of losses from real estate to offset.The question now is whether the $40,000 is a current deduction or it needs to be capitalized.