Whereas I did make a little dig at the training/ coaching industry I feel it in order to make this statement.

This is a different amount than the amount of cash we need to bring.The list of items we define as closing costs are the items on HUD-1 form that do not recur. 

Are there specific line items I can look at on our schedule E for that property to calculate?

If you are late in the cycle for several of these, you'll want to have access to some amount of capital that will be sufficient to float the inevitable replacement of these items.  

@Marc Nicolàs Mariano Congrats and good luck on the exam.One thing you'll realize after the exam is that the class does very little to train you on the actual process of buying and selling but trains you more on ethics, laws, terminology, and theory.Having a full-time job, you might consider finding a friend or neighbor w. a sole proprietorship brokerage.

One item that seems off from the closing statement is it seems you are escrowing in 12 months of property taxes, i normally see 2-3 months of escrow taken at closing."

Invite the church or temple for a garage sale to raise money for a family - all items to be on tables in your front yard and driveway.

From experience, you will need to replace items (some  costly), do repairs, and cover insurance and taxes (even if you include them in you payments). 

You have their deposit, itemize the damage and the prorated rent (30 days) and return any of the remaining money. 

Specifically, does this use the same cap rate metrics or are other items to look at?