If title was not in Living Trust they maybe need to go through probate if total value above the basis plus improvements bundled is greater than $100000.Get all the copies of the recorded deeds on every property.

I'm wondering if I should wait until the market improved (lower house prices and lower interest rate) or if there are still opportunities to invest in rental properties right now? 

The process must also be continually improved as new technologies come online, laws change, bottlenecks are identified, etc.

I only look at improved parcels I can evaluate like every other rental property.

If you're unsure of your next course of action or want to wait for the market to improve, keep developing your cash by investing in real estate flipping or other profitable ventures.

Connect with a lender to see what you qualify for and how you can improve that situation7.

It's 36 acres, assessed at about $100,000, and walking distance from a highway.The assessor's website does value the improvements at about half the assessed value.

It's even doing better than Columbus, OH, which is starting to fade.Detroit's focus on removing blighted buildings has been key to its renaissance, reducing inventory and improving neighborhoods. 

I've been blessed to have the opportunity to now pursue my dreams of investing in real estate to build wealth for my family while improving the communities we touch. 

For future years, we probably wouldn't meet the 500 hours test (though we still do participate a significant amount as we periodically re-stock supplies at the place, handle most maintenance issues due to shortage of workers in the town, and monitor sensors during guest stays - leak sensors/heat/stove).Specific Questions on Depreciation:Assuming that I have the qualifications for non-passive activity, I then have some questions on bonus depreciation and related stuff.5) It is my understanding that Qualified Improvement Property (QIP) bonus depreciation is probably not useful for me because I did most of the renovations prior to placing the property in-service (save for a few things).