If you own a property for 27.5 years, chances are you'll have replaced the roof, heating system, appliances, remodeled, etc. all of which you'll depreciate.But you are right that chances are by the time the original building deprecation is done at 27.5 years of owning the property that you'll most likely show higher taxable income. 

Like @Uriah D. said, the SFR scene continues to heat up and you aren't going to see the same cash flow numbers you would see in smaller midwestern cities.

I'm assuming that does not include the heat correct?

Keep the fridges and heat going plus some lighting.The initial investment may be not inconsequential, though.

I am looking for the following work to be done: New flooring in an approximately 1900 sq ft two story house paint throughout the whole houseSiding and new windows Two bathrooms gutted and redone New kitchen Forced heat and air installed I am looking for recommendations for contractors.

It is one story and the current heat is 2 ventless wall heaters.

I had similar experience, bad storm high winds and snow and ice on the lines took down the mast.Power from line to house was disconnected by power company, lines were down and over a car...Power out to both sides of my bungalow and with no power, no heat. and it was well below freezing.I took video at 9pm sent to my electrician and he was out at 6am after power co had shut off the lines, they had many emergencies and I was LOW priority,, he  had all the parts to start and finish the job, because of the video, it took better part of the day. and I paid like 2500.00 he had to reconnect to power box and new mast and wait for power company to come and restring from pole to mast.

Heat and hot water is included in my lease agreement.4.I did not make a damage or security deposit to the landlord in connection with my apartment.5.I do not know of any legal claims against or unresolved disputes that I have with the current landlord.6.My current phone number is ______________________ Dated: __________________, 2017By: ____________________________________ Tenant Signature__________________________________Print name as signed above

The house has gas heat, central a/c, and is in a great neighborhood in the most desirable school district.

Its used for heating (down here anyway), water heaters and stoves.