Equip the hell out of the kitchen.

Yes cap ex can be depreciated if you are buying equipment (fridges, ovens, sinks, ect).  

You are going to need a slew of other equipment to ensure your mail is property set up each month.

Even if you're not ready to buy quite yet, you'll be better equipped to spot a good deal vs bad deal when the time comes.

On top of that - this will cost several thousand dollars - I'd say over 10k for the structure, equipment etc. 

ServPro quoted $3000 to have his items moved into a pod while work is done and to have his items moved back, but he refuses to pay a penny for anything (including rent for a year and a half I might add).To make matters worse, he threatened to unplug all water mitigation equipment left running in the condo used to remove moisture and possible contaminants from the air.

This is common practice in my non-real estate busness where as a renter of equipment I am required to to list the supplier as an additional insured/loss payee.

@Shaquetta Chittams - I would look for something to guarantee the loan such as a car that is paid off or equipment that you could hold onto and sell if needed.Unless you have some asset to secure the loan, then there isn't really anything you can do to ensure you get your money back.  

Negotiate with the seller 2. if that doesn't work for you, chalk this deal up to your education/experience  3. remember as long as you keep looking, you will find other deals and  4. you are now better equipped to find the RIGHT deal for you, so don't be too impatient. 

The reality I ran into was that a rural homestead, assuming you're not living like the Amish, depends on tools and equipment, and equipment breaks down, and you can't grow equipment parts in the garden.