And the PPB is a requirement to take the mileage deduction for any rental-related transportation to and from my house.

This will tell you whats hot as the cash buyers are usually investors/rehabbers.If you are picking up rental property for you to buy and hold, nothing high end and have a good public transportation line running through it.

The other good draw with this place is proximity to public transport (rail).

I don't keep any tools in the house as the rehab is complete and still didn't while working on it(I rebuilt a little cargo trailer for ease in transport and storage of my tools).

If the trip does not qualify as a business trip, then transportation costs cannot be deducted at all, except for any specific costs that relate directly to a business meeting.

2 important factors for a good rental property location is being close to public transportation and shopping.

And your lack of transportation will make both finding and managing this property a real challenge.

I'd borrow Japan's public transportation system.4.

I wouldve had about 8k in the deal including EVERYTHING (repairs,utilities, holding time, taxes, transportation costs, contingency etc) but i felt putting in 8k and selling for 12.5k (350/mo @16%, 48 mos) wasn't a wonderful return. 12.5k sales price was with repaired walls, new HVAC system, new paint, but not replacing flooring and several soft spots in subfloor.

The area is very walkable with plenty of access to public transportation as well.