Doesn't an active participation in RE allows you to reduce your taxable income produced from your rental loss including full depreciation dollar-by-dollar? 

After finding out that we could not claim any of the losses because of income limitations, our next step became very clear.  

I purchased Chris' program a few months ago and Im ready to start again.

How much weight/consideration should go into it when making a purchase.

Homeowner's insurance simply covers the loss of the physical property.The only thing that even remotely comes to mind would be mortgage insurance, but I have never seen mortgage insurance factor into a HELOC?

They also have the diamond program, so you know what loans they are already servicing.

A few years back we rented to my folks without an agreement or deposit etc, and though it wasn't huge loss, they didn't leave the house as clean as they got it and they had pets in the house.  

Like other new investors, I'm planning on using the fha program to owner occupy a multi family home.Today I went to go see a three unit building in Naugatuck, CT and was I in for a big surprise! 

Needless to say after the burst of the housing bubble we turned to renting instead of selling the property to avoid a hefty loss in equity.Fast forward to 2015, I manage our one single family home without a property management company (woo hoo!

Is this a great program?