I did a direct rollover for a rental property.question: Can I deduct repairs from the remodel as well as take advantage of the depreation schedule as i do on a triditional financing. 

KwanzaHi Kwanza, I can help answer this question as I've worked with investors and helped them buy LTRs, MTRs, and STRs (own quite a few myself as well).

Well....

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So, not really passive.Investing in rReal estate offers a lot more control than investing in stocks, but it also requires an investment of time to do well.

@Stuart Udis your absolutely right, as far as the market my biggest issue is that I don’t know that area very well and neither does the agent that is helping me.

It gives you a total livability score as well. https://www.areavibes.com/

The property next to me is a 1 acre lot, it has a Well, Septic and Power, but no structure.

I'd recommend staying within 10-15% of the median priced home because that's where the most demand will be not only for renters but owner occupants as well. 

Well, that’s definitely something to write home about. :-)You use the word “WE” a lot.