There's also manufactured homes that could be eligible depending on the quality you're looking for which you can get from the manufacturer. 

My car insurance would pay but I have a $500 deductible which I really dont feel like paying because this wouldnt have happened if the property would be properly maintained. 

Tom I have talked to Lexus Nexus and I do look forward to subscribing when I become eligible.

After taxes, insurance deductions etc Ill be taking home 190k a year.

My question is: Can I deduct the interest expense in California (11% tax) where the house is while using the money in Massachusetts?  

As expected, there is a deductible for this insurance coverage.

@Melanie PendreyThis will complicate your tax situation...Mixing HELOC proceeds for whatever you need whenever you need means you need to trace and track proceeds to determine interest deductibility. 

The only one I think I'm eligible to use (remember, I'm in TN) is Wells Fargo, and they only go to 65%. 

So I assumed the same $10K CapEx here as well.This is a long-term buy & hold property (5+ years) looking to generate positive cash flow and deductions for tax purposes (accountant says we need more deductions).Rentometer claims around $825-$850 is a decent rent.

Keep it for capital expenditures, future repairs, mortgage payments and make-ready costs while you have turnovers between tenants, insurance deductibles for hail/fire/flooding and the like.