This appears to have prevented grass from growing and is attributing to the mud pit we have. 

There is no such thing as a good deal, just a good deal for you.Your criteria should be related to the physical attributes of the property and the location, not your return criteria.

Since every trip involved both properties, I would just attribute it to the old property.

We received 19 offers on this beautiful home and much of those were attributed to keeping a lot of the original charm of the house.

If debt-financed real estate is acquired via an IRA, any income attributable to such investment will generally be subject to unrelated debt finance income tax.5.

If debt-financed real estate is acquired via an IRA, any income attributable to such investment will generally be subject to unrelated debt finance income tax.5.

Then all profits and losses are attributed accordingly.

The claw back - If your investment properties are in CA now then you need to know that CA has a provision where even if you use a 1031 to move the property from CA to another state, if you sell it later you will have to pay CA tax on the profit attributed to that property while it was in CA. 

Also, depending on your area, a house with those attributes and size could be in demand a rent high so check your local rental rates to see how your cash flow would be.

Sale price - selling costs- purchase price - improvements - depr = Taxable gainPortion attributed to depreciation is at ordinary tax rate not CG up to 25%