But if it's only an average performer and you also leave additional equity captured in it that might not be such a good thing.So refi and buy just isn't an automatic strategy. 

I got my license early on in my career so I could list my own property and capture commissions on the buy side.

Schedule E income is still taxed in the year earned, unless you lock it up in a corporate entity (C-Corp, S-Corp, or Corp-LLC*).There are other effects of using a corporate structure- some deductions which are capped for individuals (like depreciation, which cannot exceed income less all other expenses) but are not capped for corporations, so there are also times when such a structure is appropriate to capture those tax effects.

A) Vacant Homes B) Probate C) Code Violations D) Rent To Own I Have Websites In Place For Sales, Marketing And Lead Capture.

I would not buy anything right now "Hoping" to capture appreciation in the future. 

Large and you can capture a significant amount of ancillary business.

The NOI is at around $50,000 today, with another $14,000 to come from capturing the classic unit LTL.

Also, how would I be affected with Depreciation re-capture when I go to sell the property?

Bottom line, you send out marketing, capture leads, ask them a few questions, put it under contract, sell the contract. so you need sellers and buyers, a little knowledge of value, and a good closing attorney.

Without doing any updates it looks  like i gained 10-12K in equity capture when purchased.