We loose power more often than most so aside from the credits it does help us in storm situations. 

This would be nice but I would loose the property, the low interest rate, the buy in to this community and, most of all, the tie to the house.  

So with that knowledge in hand, it should be easy to see how fast one can loose there shirt if problems start stacking up.

Example:  $100,000 re-invested capital gains into a OZproperty looses $50,000 in depreciation over 5 yearsis the basis reduced by $50K in year 7?

But, my CPA says that because my AGI is >$100,000, I am not able to deduct rental looses that exceed my rental income. 

You start loosing some guests to them and then your revenue dips.

I really don't know how much the bids are going for nor is the listing agent legally bound to let me know the honest offers received so far.Any help would be appreciated!

If they loose it it costs $20 to get a new one.

When the cat leaves, the mice will play"As an out of state investor, the mice are always playing.It takes years and years to develop trustworthy relationships with feet on the ground.Even then, you will loose money just like we do to this day in Toledo to shady contractors, etc...And we have a whole team of people on the ground including myself and my co-founder.Granted, if you do it right you can find amazingly cheap deals, renovate and have immediate equity plus jaw dropping cashflow.I would advise moving to the market you are considering and getting your hands dirty for a few years.Easier said than done but if I moved from Sydney, Australia to Toledo, Ohio.Anyone can do the same lolWishing you much success

This will cost thousands more to complete and loose many potential buyers . i have started the process for a land survey.