And this was the late 90's so there were a lot less resources readily available, as compared to today. 

Your understanding of the depreciation recapture process is almost correct, but there's a minor error in your calculation.When you buy a house for $300,000, with $100,000 attributed to the land value, you have $200,000 allocated to the building or improvement value.

Pick an asset class: Class A, B, C & D properties, research pros & cons, pick one to focus onPick a real estate market that matches your resources & goalsContact local agents & PMC’s to start sending you listings to analyzeAnalyze a few deals weekly, get comfortable with the market and refine what you're looking for

https://www.biggerpockets.com/...BiggerPockets has a tax pro resource page.

Our financial support demonstrated our commitment to providing the necessary resources for successful real estate investments.

Many owners use it as a resource once they start their search and come across the NARPM website.

Things to consider are self management, travel distance, property taxes, insurance, resource availability. 

I have funds and resources to help close deals.

Meetup.com is a good resource for those but some of the groups will also post here on Bigger Pockets Marketplace too.

I am searching for resources to calculate (spreadsheet) but most available consider you are buying the house and immediately renting.