Hi Everyone -I'd love some feedback here.I own four rental properties in Seattle that I have accumulated through the years.  

It is my understanding that when you sell a property, you are required to pay back all of your accumulated depreciation at a rate of up to 25%.

I rarely go to Lehigh and really don't want to accumulate more properties there as rentals.

Would it be better to forgo major renovations and focus instead on accumulating quantity of cash-positive properties?

That's what you paid minus accumulated depreciation deducted over the years to get to the actual cost-basis.  

Just think of all the net worth you can accumulate by letting tenants pay off the mortgages!  

Therefore they are going from being in bed with a borrower that has payment history as well as accumulated equity to a borrower that is highly leveraged.  

That means, until you sell for a profit (hopefully) you will be negative (out of pocket) the accumulated negative cash flow AND all the cash you used to buy the house originally?

One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation.

How much wealth will you accumulate by saving 50-100 dollars a month per unit as opposed to spending your time learning real estate and then applying what you learned to find new and better deals?