If you want massive paydown of debt and desire to have the property free and clear in 5-7 years, then work real hard to get $0 cash flow now and big cash flow later.  

Keep that fire burning bro and you'll go as far as you desire with REI.

Is that the best and highest use for the land, or just your desire to have a "country" place.$15K/acre sounds a bit steep to me, but country property has never had an interest to me.all cash

So look for areas of town that are more desired now.

I have owned the property since 2003.I do not care about the past several years lost depreciation and have no desire to amend those returns (it is not enough to make it worth the time and effort).I would also like to avoid having to file a 3115 at this time.

Do they factor into account vacancy rates, high repairs and maintenance costs, professional management.Also keep in mind if you are looking at small apartment buildings 5-10 units these are the least desirable of any properties in these areas.The cashflow is good, there is money to be made, and you can provide a very valuable service to a family or person who really needs it.

It is in a good school district and the neighborhood is desirable.

Florida, here hard surface floors in the bedrooms are more desirable).Always, but always get a security deposit.

For sustainability of continued investments, , and my desire to work less in my 9-5, I lean towards B/C neighborhoods with strong cash flow returns and good commute times to employment centers, and make it the nicest property on the block.

We direct deposit the owner's funds into their desired account.