But if you are a die hard buy and hold, than it's a moot point because appreciation is only valued at time of sale or equity extraction.

If you did have depreciation in the past, your past year tax return should have depreciation tables, but you may need to tinker with your software to extract these tables.

The goals you have influence your decisions and they determine, largely the metrics you choose to use to guide your decisions.Briefly - it's a seller's market here right now - virtually every SFH I've either sold or bought has been a multiple offer situation in the past 10 weeks - inventory is historically low and rates are low and prices are projected to continue to rise over the next year at least in the SFH sector so selling right now - all things being equal would be relatively easy which could stabilise a 1031 situation - however if you plan to buy in a tight market ( Oregon) that would compromise the original impetus to increase cash-flow.It is entirely possible to manage a small remote rental yourself if you have support locally and want to maximise cash-flow - 10% of $2150 = $215 + $120-170 extra from refinancing if you do not extract any equity = $335 - $385 extra revenue per month if you harness the PM fee and the reduced mortgage payment.If your objective is to grow your portfolio then you might want to leverage the hot SFH market here and sell - maximise your selling price ( good Realtor and good target market asset positioning) and invest in a below market Triplex that you can force appreciate and set yourself up to pull the equity in a refinance event later down the line, collect good cash throw off and leverage the asset to speed up your portfolio growth...plus owning a MF builds your lender credentials more than a SFH if you want to scale up in the future.I always have my clients clarify what their primary goals are with their investment portfolio - it matters and it really helps you to get clear so you can recognise what a good opportunity is for you.

I am considering writing a book about the advanced strategies some contractors will employ to take advantage and extract as much money from you as they possibly can on your projects.

The sponsor will then extract out the K-1s and deliver them to the investors.Physically preparing a K-1 is a tax preparation function and the “how to” on that would be found in accounting and tax preparation texts, which is something that you are only likely to study if your aspiration is to become a CPA.

If you recently purchased, you may not have the equity necessary to extract enough to purchase an investment property in San Diego.  

Yes I would, try a local Cape bank thats familiar with that vacation industry and see if you can extract some funds. 

(if my calculations are correct, even at 1200/mo per unit, you'd be grossing 3,600/mo rent, but your payment would be around 3,400/mo--and that doesn't include property management, capex, vacancy, etc...after the dust settles, you'd probably be running at a loss every month...25% down is a LOT of money to spend just to lose even more money each month...)  ...to me, there's probably not enough meat on the bone as just a normal rental, but perhaps there are other ways of extracting value from the property (e.g.; STR, value add, etc., etc.)Good luck out there!

sounds like you might need to call your insurance company, plus hire a company that specializes in remediation right away to preserve anything that might be worth saving, plus extract water, put in fans to avoid mold (if it isn’t there already). 

Just a few years ago it was easy to find properties on MLS that were good BRRRR candidates (not necessarily meaning I could extract all of my investment but at a minimum value add was double the cost of the work when acting as GC).