Inspections / appraisals if possibleA promissory note and mortgage

But I did take note of it because I felt I may need this at some point in my investing.  

We bought our own note we owed on, with 2nds on new houses.

Secondly:I don’t believe this to be the case but wanted to check- Would/could the note balance be called due in a tanking economy?

@Dan TrinhThere is a cash-basis of accounting and an accrual-basis of accounting.If you are a cash-basis taxpayer - you would normally deduct the full insurance payment in the year that the payment is made so long as amount paid for the insurance policy ends within the next year.Example - you can be eligible to pay and expense for an insurance policy that lasted one year.However, you may not be eligible to deduct a portion paid for an insurance policy if the policy lasted several years.In your case - if you paid for the $400 insurance policy in 2017 - it was a deduction on your 2017 tax return.if you paid for the $500 insurance policy in 2018 - it is a deduction on your 2018 return.If you paid $900 in 2017 - then you have a slightly sticky situation.

Important to note that I do not have any deals under contract right now. 

NOTE: This is a pretty broad topic.

I've learned a considerable amount about lease options (upcoming Wednesday luncheon topic), wholesaling, subject to deals, flipping, notes, and best practices for everything.

LLC or INCSide note: this company might only have around 5 employees max.

However, there are some other forms I need to be pointed towards.I am in need of a move in/move out a checklist, so the tenant can make a note at move-in of any concerns they have regarding the condition of the premises and to establish responsibility for any damages at the time of move out.I also need a rental application.