If you want to do upgrades to rent it, don't go crazy with it.

Find others who are doing what you want to do in the particular niche you want to invest in.

Others may do differently.

I want to do this the right way.Hey @Ken Almira!

State of Oregon is coming down on those folks that do this...

I usually don't do this.

The only thing about it is that the property hasn’t been very well taken care of, so we know there’s a lot of work to do to fix it.

Currently we do about 10 wires a month, Chase charges $30/wire unless we keep a lot of money in there, which we have been paying.

Based on your question, you have two core decisions to make, and they may conflict with one another - where do you want to live, and where do you want to invest? 

It seems like they are being unprofessional and do not want to.The issue is that depreciation schedules are not given to the IRS when you submit the return.4562 which is used to calculate depreciation is given to the IRS but it does not factor in non-depreciable items such as land.