There is extreme liability on many issues.

Looking for a Tax Strategist in the Kansas city area. 

@Ane DeysI would not generalize all REITs as being equal and there are also a lot of private funds who did not go the REIT route as a reit, while having specific tax benefits is also required to be passive.

Insurance estimated at $7,000 annually and taxes around $10,000 annually. 

The hard thing with commerce is the property taxes are higher and some areas aren't that great.

However, without having W2s or 2 years worth of tax statements for my business, I'm having trouble finding a loan.

So that's $84k per year before taxes.

I've read about General Liability, Professional Liability (E&O) insurance, and "Landlord" insurance for owners who rent their own homes. 

My rough strategy is buy SFH (older but (semi) recently remodeled B- to A- properties in good areas likely to continue appreciating and attracting good, trouble-free tenants) 0% down VA (may consider a small amount on second property, like up to 3% just to speed things along) and stay in it as my own primary residence until at least 10% of purchase price paid off and able to cashflow 300+/ month after mortgage, taxes, insurance and 15% set aside for repairs, vacancy, and maintenance (like I said, I'm not overly interested in rental RE, so I want to be sure it's lower effort and worth my time in return).

It doesn’t protect you or give you tax write offs.6.