Many times, in my state, investors purchase in a Land Trust, which I also use, but otherwise, nothing out of the ordinary.

The primary bedroom leads out to the covered patio and beautiful backyard.

Furnished and decorated the interior and the patio.

Local Credit Unions have the advantage of knowing the area and being able to assess the homes on a per home basis, some also keep their loans in house which allows them to make these out of the ordinary loan types.

We had a CA tax for ordinary income that was I was aware of but not exactly sure how it would work out.

Joel,Are you cool with earning the $30K and just paying ordinary income taxes on the funds?

OP is talking about tax advantages of depreciation and counting it against ordinary income, not about income tax on the rental income itself.

Either way you will be subject to an $800 minimum tax PLUS paying taxes at your ordinary rates on your 1040 for the pass through nature of the rental income. 

Electric 4500, permits 1200, power wash siding 500, cabinets 8500, appliances 3700, quartz 5800, insulate 450, tile 6k, demo/dumpsters 6k, mold/vapor barrier crawlspace 2k, doors%closets 3k, subfloor repair 1800, plumbing/fixtures 14k, exterior window/door/fascia replacement 2k, knobs/shelves 3k, replace 1 car garage door and motor 2k, staging/marketing/stamps 500, framing/remove wall/LVL beam/architect 6300, trim/crown/casing 2k, reseal driveway 600, mudjack 1500, paint interior/exterior 7k, maid, etc 1k, demo concrete side patio and seed with dumpster 1700, landscape 1k, replace 8 windows and sliding patio, shower glass door 5500total rehab 107k

Will this now be viewed as ordinary income for the family?