Paul.

@Paul Allen thanks for the response.

., there is a great lesson in what @Matthew Paul & @Ned Carey posted.

Thanks for the response as well Paul, my concerns are not necessarily around depreciation (I’m pretty sure that buildings are depreciated over 27.5 years opposed to 20 years) or other deductions that are typical to long term rentals but rather tax guidance that dictates what is a schedule E rental portfolio vs. a schedule C business similar to hotels.  

@Paul Defngin Thanks for the mention.

I'm also from Dayton and I agree with Paul there are several areas of town that are being revitalized.

@Paul Padilla I'm embarrassed to say I have not read any!

@Matthew Paul Hey, so the property is a foreclosure and has been winterized, but your saying I should still account for those costs when rehabbing?

@Matthew Paul @Russell Brazil @Ben McMahon @Ray Johnson @Dan Bernstein @Sam Lin @Bobby Montagne    Thanks everyone for your advice, it's very clear now. 

@Michael Malloy my single favorite resource so far has been Paul Moore's "The Perfect Investment."