You can just file a Schedule E at the end of the year when you do your taxes. 

Foreclosure case was filed in court (Ohio) 3 months ago, mortgagors (husband and wife) have transferred ownership to me (an individual) via a quitclaim deed earlier this week and it should be recorded with the county in a couple of days.

You will see Cirque about file bk soon as no one will go to shows.  

If you make any money on real estate by brokering or somehow facilitating a deal, its possible your breaking NV law and the NV Real Estate Division will file charges in state court. 

I've got a file that will give you some general information; listing of several financial institutions that offer HELOC loans; a look at loan terms, interest rates and general info.

You don't need to pay a CPA $900 to file a W2 and a single rental. 

I had a family interested in one of my rentals, discovered they had a couple negligence lawsuits (thrown out, but they actually re-filed then only to be thrown out again).

The initial setup cost about $300-400 for each which I thought was reasonable because they are being filed in a different state than I live in.

Tax Question -
My Rental Expenses ( Repairs and maintenance + Depreciation) is greater than the annual rental Income. And I understood since its passive income, the remaining losses will not apply to my W2 wages. Wi...

You are right, that is always this balance between how much you are going to lose and how much you have to spend to receive that money (hiring a lawyer, file a suit, etc would be way more expensive than the rent itself).