Reminder:Ground improvements qualify for bonus depreciation.This includes various landscaping.Roads and external parking areas.Sidewalks and pathways.Fences.Utility systems (including the installation or improvements to water, sewage, drainage, and electrical systems).Outdoor lighting.Rec facilities (like playgrounds, sports courts, and swimming pools).And more.It's a big category for depreciation/bonus depreciation that we love.

I live in the Bay Area and have been focusing on regions outside Yosemite national park to do my research.

I think you are in the ball park with your assumption on 2% rule in the area.HOWEVER... my rehab costs far exceeded what I was budgeting and built into my UW. 

Parking?

It was a mobile home park.

If a lot of the other rental properties don't have any covered parking, then carports would be a much preferred option.

Hello,I have a rental property in Highland Park, Dallas, Texas.

Each comes with 1 parking space.

It could be adding an extra bedroom, parking space, or kitchen where you can maximize the potential rent of the property.

Most enticing is it is located on a very well established street with a wall score of 92 - lots of restaurants, bars, shops and a park nearby.