As a reminder for any other readers, the 50% rule applies to gross rents and accounts for all expenses like management fees, taxes, insurance, vacancy, maintenance, Capex, utilities, water, legal, yard, etc..You should only use the 50% rule for a quick analysis and a true historical picture of expenses on a property is preferred.

Insurance costs vary widely in the Keys depending on location and type of construction.

I'm looking to convert it into a rental (I have yet to confirm the loan documents allow this so as to keep owner occupied financing). 

As landlord, I didn't have any additional insurance. 

Hopefully her insurance allowed for some forced appreciation through new renovations.

She's going to have to start answering calls and/or texts in order to document that she's the one that's been paying. 

Your insurance number looks a little low, especially if it includes flood insurance.Do you have any local government inspection costs?

Bourn Companies will be developing a new 200,000 sqft office space for the national insurance company.[3] New Shopping Center in Central Tucson- 10,000 SqFt retail and restaurant space coming to central Tucson.

Hey guys - I will be signing new tenants for my newly-renovated property and I am wondering if anyone has any AWESOME rent receipts, or methods for proof of payment for a Ledger that I can document?

He will have an area specific lease that can be tailored for your property and your needs.Using a lawyer will be more expensive but removes a layer of liability from you.The lease is the most important document you will have as a business owner.